Ethereum

Polygon

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 <p>The developer behind the Polygon (MATIC) ecosystem is laying off 19% of its workforce, though the company’s chief executive says the staff shakeup isn’t due to financial reasons.</p>
 <p>Marc Boiron, CEO of Polygon Labs, says in a new announcement that the company is letting go of 60 people to create “an efficient, surgical team with significantly less bureaucracy.”</p>
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 <p>Boiron argues Polygon’s growth during the last bull market “diluted” the team’s commitment to focus, diligence, efficiency and agility.</p>
 <p>He says a smaller workforce will enhance collaboration across the Ethereum (ETH) scaling solution.</p>
 <p><em>“This decision is not an easy one. Right-sizing for the sake of enhanced performance, rather than for financial reasons, may seem unconventional. </em></p>
 <p><em>The reality is that achieving our mission often demands challenging decisions, and while difficult, the Founders and I agree that we must move forward in a thoughtful way that gives us the greatest chance to execute successfully.”</em></p>
 <p>The CEO says laid-off employees will receive two months of severance and health insurance through the end of February, and employees who remain at the company will receive a pay bump.</p>
 <p>MATIC is trading at $0.808 at time of writing. The 15th-ranked crypto asset by market cap is up more than 5.5% in the past 24 hours.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/scaling-solution-developer-polygon-labs-lays-off-19-of-workforce-ceo-says-it-s-not-for-financial-reasons-tbt78708.html">https://thebittimes.com/scaling-solution-developer-polygon-labs-lays-off-19-of-workforce-ceo-says-it-s-not-for-financial-reasons-tbt78708.html</a></p>

Scaling Solution Developer Polygon Labs Lays Off 19% of Workforce, CEO Says It’s Not for Financial Reasons

TheBitTimes

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