Polygon Labs has joined a slew of crypto firms that have laid off their employees. The move comes even though Bitcoin (BTC) and other cryptocurrencies have been making an upward move in the past few weeks. The firm announced today that it has cut its staff count by 20 percent, affecting multiple teams and nearly […]
Polygon Labs has joined a slew of crypto firms that have laid off their employees. The move comes even though Bitcoin and other cryptocurrencies have been making an upward move in the past few weeks. The firm announced today that it has cut its staff count by 20 percent, affecting multiple teams and nearly 100 positions.“This was a painfully hard decision, but a necessary step in our journey.
Furthermore, Polygon Labs stated that the firm will provide three months of severance pay for those affected by the decision. In addition, this would be provided to the former employees irrespective of their level and tenure.Notably, the lab has decided to reduce its staff counts right before the launch much-awaited launch of zkEVM Mainnet. The launch is set to take place on March 27, 2023.
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