100 positions at Ethereum scaling platform Polygon Labs were affected by a 20% reduction in its workforce. The move is a part of Polygon’s recent efforts to consolidate multiple business units. Polygon Labs Terminates 20% of Its Workforce Polygon, an Ethereum layer 2 scaling solution, announced that it had laid off 100 employees, or 20% of its workforce. The company’s decision is based on the consolidation of multiple business units and the ongoing decline in the cryptocurrency market, highlighted by several collapses over the past year. According to Polygon’s global head of human resources (HR), the company hoped to profit The post Polygon Labs Reduces Its Workforce by 20% appeared first on Cryptoknowmics-Crypto News and Media Platform .
