Polygon Labs skär ned arbetsstyrkan med 20%

• Polygon meddelade att de hade samlat alla sina anställda under en grupp företag som kallas Polygon Labs.
• Anställda som drabbas av nedskärningen får tre månaders avgångsvederlag.
• Stora kryptoföretag som Gemini och Coinbase har minskat jobb nyligen.

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As part of its business consolidation, Polygon’s parent company, Polygon Labs, is reducing its workforce by 20%, or around 100 jobs. The job cut is part of the company’s restructuring of its operations. The news was shared by the platform’s co-founder, Sandeep Nailwal, in a blog post.

Nailwal explained that the company’s treasury was in good shape, quelling any concerns about its financial stance. The posta läsa,

The treasury remains healthy, with a balance of more than $250 million and more than 1.9 billion Matic (Polygon’s native token), and we have crystallized our strategy for the next several years to help drive mass adoption of Web3 by scaling Ethereum. Earlier this year, we consolidated multiple business units under Polygon Labs. As part of this process, we’re sharing the difficult news that we’ve reduced our team by 20%, impacting multiple teams and about 100 positions.

Nailwal noted that “impacted employees will each receive three months of severance pay, regardless of their level or tenure at Polygon Labs.” Polygon’s decision to lay off its staff comes as the crypto industry is facing an uncertain future. Several projects have been forced to reduce their numbers due to the bear market, while others anticipate tougher policies from regulators.

Tvillingarna minskade sin personalstyrka med 10% förra månaden, dess tredje omgång av uppsägningar på åtta månader. Coinbase Global Inc. tillkännagav också i januari att de skulle skära ner jobben med cirka 950 arbetare som en del av en omstruktureringsstrategi.

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