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Polygon Labs lays off 60 employees, about 19% of its staff, CEO says
Polygon Labs, the team focused on building the layer-2 blockchain Polygon, has laid off 60 employees, or about 19% of its staff, according to a post
“To move as ambitiously and nimbly as possible where everyone is able to take ownership of what they’re doing, we must create an efficient surgical team, with significantly less bureaucracy,” he added. Polygon’s token, MATIC, fell after the news, but has since rebounded around unchanged levels on the day, CoinMarketCap data shows. Earlier this week, Jack Dorsey’s fintech company Block, whose subsidiaries include Square, Cash App and Afterpay, , reportedly around 1,000 people, or 10% of its team.
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