More Layoff for Blockchain Founders
Because of the increasing economic decline, more layoff is experienced within the crypto industry. Blockchain founders especially have been announcing increasing company layoffs to suit their current structure. Dapper Labs, the company behind the NFT-focused blockchain Flow, recently announced they would lay off about 20% of their workers. They are taking that step, which suits their current financial stature in the industry.
Previously, this company announced laying off about 22% of its workers last year. Laying off another 20% means that they have laid off approximately 42% of workers within a year. Also, Polygon Labs, the developer of the Polygon blockchain, announced that they would be laying off 20% of their workers in the coming weeks. Despite the huge layoff from Polygon Labs, they still claim their finances are in shape. According to Polygon Labs, they have about $250 million and about 1.9 billion MATIC tokens still left in their reserves.
