On July 1, 2022, Peng Zhong , chief executive of the Cosmos builder Ignite, posted, “Today is my last day at Ignite. Thank you for the camaraderie we shared as we built out this ecosystem.” CoinDesk published his post at 12:24 p.m. EDT, which is 16:24 UTC. At 6:20 p.m. EDT, 22:20 UTC, CoinDesk followed with a second report: Ignite had parted with more than half its employees that week, according to two ex-employees and a source close to the company.
· Peng Zhong leaves as Ignite's CEO, and CoinDesk reports that more than half its staff are gone
Peng Zhong Leaves Ignite as Layoffs Pass Half the Staff
Ignite's CEO announced his last day on July 1, 2022, the day CoinDesk reported cuts above 50 percent of the Cosmos builder's staff.
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People in this piece
- Ethan Buchman
- Jae KwonTendermint Inc. (All in Bits), Chief Executive Officer
- Katie Talati
- Kirill Naumov
- Peng ZhongIgnite (formerly Tendermint), CEO
- Zaki Manian
Projects
Ignite · NewTendermint · Cosmos Hub · Osmosis · dYdX · Galaxy Digital Research · Arca · Informal Systems · Interchain GmbH · Sommelier