Compass Mining announced Thursday that It is about to cut teams by 15% and cut salaries for senior employees and executives. by the view that the company is growing too fast and must adapt to the current market conditions accordinglyThe statement stated
“Even though it hurts But these changes will help Compass stay agile and well positioned in this up-and-coming market. That challenges many of our industry competitors,” said a statement from co-founders and interim CEOs Thomas Heller and Paul Gosker.
Compass said Thursday that The company grew too fast while the service It also points to recent market downturns and anticipated future market conditions.
“When we launched We are amazed by the level of demand for our services. and hence We strive to address the operational, financial, and technological bottlenecks that all growing companies face. by hiring more people,” the statement said.
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