Polygon Labs Lays off 20% of its Employees
Polygon Labs is the latest cryptocurrency company to lay off employees and hop on the layoff bandwagon. Cryptocurrency prices did indeed start off better in 2023, as most of them saw double-digit increases. However, the majority of tech behemoths and cryptocurrency companies started firing employees in preparation for an impending recession. Also read: How to Buy Shiba Inu (SHIB) — A Beginner’s Guide Just in 2023, major companies like Spotify, Google’s parent company, Capital One, Microsoft, Amazon, Crypto.com, BlackRock, Coinbase, Goldman Sachs, Genesis Trading, and more will let go of staff. Polygon Labs joins the list and lays off 20% of its workforce. JUST IN: # Polygon Labs fires 20% of its staff. — Watcher.Guru (@WatcherGuru) February 21, 2023 Polygon’s decision affected 100 positions The news regarding the layoff was made official by Polygon in one of its recent official announcements. The main reason cited by the company for t...