Crypto Firm Octopus Network har sagt upp 40% av sin personalstyrka

• Web3-fokuserat flerkedjigt kryptonätverk Octopus Network meddelade att man kommer att säga upp 40%, eller 12 av sina 30 anställda.
• The firm aims to survive the ongoing crypto bear market and “occupy an important position in the upcoming Internet of Blockchains.”
• Grundaren Louis Liu bekräftade omorganisationen av laget och sa att denna kryptovinter skiljer sig från andra björncykler.
• Teamet arbetar med att expandera IBC till icke-Cosmos-SDK-baserade blockkedjor

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In response to the prolonged crypto winter season, another name marked its entry in the list of crypto companies that have issued massive dismissals. Web3-supporting multichain crypto network Octopus Network has announced that it will lay off 40%, or 12 of 30 of its staff members, in its efforts to survive the ongoing crypto bear market and “occupy an important position in the upcoming Internet of Blockchains.”

Octopus Networks grundare Louis Liu nyligen meddelat att teamet kommer att omorganiseras för att hantera de dåliga marknadsförhållandena. Dessutom sa han att den nuvarande björnmarknaden skiljer sig något från tidigare:

“The current winter is the third winter I’ve experienced, the first two being 2014–2015 and 2018–2019 — and I see that this winter is very different from the others.”

Liu believes that the crypto industry, which will continue to be characterized by high risks and high volatility, would be among those most adversely affected. Additionally, he predicts that the majority of Web3 startups won’t make it through the difficult times and that the downward trend will continue for at least another year.

By enforcing its “Voluntary Separation Program,” Octopus Network will let go 40% of its entire staff. The 18 remaining employees will also need to come to an agreement on a 20% pay cut. Moreover, the remaining staff will also face indefinite suspension of the team token incentive.

The company aims to mark a solid presence in the future of the crypto world by the recently-announced condensed operations. Octopus Network stressed on its new strategy’s two cornerstones — NEAR and IBC.

Trots den stora uppsägningen arbetar teamet med att expandera IBC till icke-Cosmos-SDK-baserade blockkedjor. Om NEAR-protokollet skriver Liu:

“We’ve always believed that NEAR Protocol is the best L1 blockchain to host Web3 applications due to its unparalleled usability and scalability. Octopus 2.0 will facilitate NEAR’s position as an inherent part of the blockchain Internet by widely connecting various appchains (Substrate or Cosmos SDK based) and all IBC-enabled blockchains.”

Flera kryptovalutaföretag, inklusive Coinbase, Crypto.com, Huobi, Bybit, BitMEX, sade upp stora delar av sin personal, föranledd av kryptomarknadens vintersäsong och det efterföljande minskade intresset för digitala tillgångar. 

Medan den berömda kryptoväxlingsplattformen Coinbase trimmade av 18% av sin personalstyrka i juni i år, Blockchain.com permitterade 25%. Dessutom, i juli, beslutade den ledande marknadsplatsen för icke-fungibla token (NFT) OpenSea också att släppa 20% av sin personal.

Dessutom, under de senaste månaderna, slutade vissa företag som inte kunde hantera oron så småningom sin verksamhet eller ansökte om konkursskydd. Dessa före detta industrijättar inkluderar bland annat Core Scientific, Vauld, Three Arrows Capital (3AC), Celsius Network och FTX.

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