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Its tough times ahead for BCH as Bitcoin.com prepares to work on a skeleton team. Just five days before the halving, the platform has allegedly fired half of its staff.

Theres been a ton of speculation leading up to the Bitcoin Halving over what will happen if the price doesnt recover. In fact, after the savage sell-off last month that hammered all markets, the Bitcoin network adjusted its mining difficulty from 16.55TN to 13.91TN on March 26.

Bitcoinist reported last week that many miners began to move away from Bitcoin Cash to mine BTC instead. It seems that the miner capitulation from its network may have affected BCH badly.

Its price may be following a similar recovery right now in line with the leading cryptocurrency, but its creators and advocates arent sending out very bullish signs.

Tech professional network Candor compiled a list of companies that are either freezing hiring due to the coronavirus or that have actively laid off staff. According to its findings, not only is Bitcoin.com freezing on hiring but it has actually axed half its team.

Bitcoinist was able to reach out and speak to sources familiar with the matter. They confirmed that the numbers sounded accurate.

It should be noted that Bitcoin.com isnt the only company to be trimming costs. Bitfury is apparently also letting employees go and Ripple has currently imposed a hiring freeze.

Drastic times call for drastic measures. However, a downscaling of such magnitude doesnt bode well for any companynot least one that is a protocol as well. Bitcoin Cash may be bigger than Bitcoin.com and larger than Roger Ver. But with miners already jumping ship before the BCH halving and such grim news to come out of this camp, the future of BCH looks a little uncertain.

What do you make of the Bitcoin.com lay-offs? Add your thoughts below!

Images via Shutterstock, Twitter @WhalePanda

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Bitcoin.com Fires 50% of Staff Ahead of BCH Halving - Bitcoinist