Filecoin’s Protocol Labs lays off one-fifth of staff

February 4, 2023

in Crypto

Reading Time: 1 min read

Protocol Labs has become the latest cryptocurrency company to carry out a mass layoff, according to a Feb. 3 report from Forbes.

The company reportedly laid off 89 people, representing 21% or approximately one-fifth of its workforce. The company cited poor market conditions and “macroeconomic challenges…in relation to Filecoin dynamics” as the reason for its layoffs.

Support authors and subscribe to content

This is premium stuff. Subscribe to read the entire article.

Gain access to all our Premium contents.
More than 100+ articles.

Subscribe Now

Buy Article

Unlock this article and gain permanent access to read it.

Unlock Now

Filecoin’s Protocol Labs lays off one-fifth of staff

Related Articles

Polymarket blocks French users amid regulatory probe

Double-Digit Price Surges From These Altcoins as BTC Was Stopped Before $100K (Weekend Watch)

US Bitcoin ETFs surpass $100 billion, pose challenge to largest Bitcoin holders

Gensler’s Departure Turns Altcoins on Fire: Solana Hits ATH, XRP up 25%

Agant’s GBPA aims to transform UK’s digital finance landscape with regulatory-first approach

This Is Why Floki (FLOKI) Exploded by 27% in Minutes to 4-Month High

Exchange stablecoin ratio hits record low, fueling Bitcoin surge

Supply Shock: Bitcoin ETFs Sucked up 9,000 BTC Daily While Only 450 Were Mined

Binance launches yield-bearing stablecoin BFUSD with roughly 20% APY

Navigate Site

Welcome Back!

Retrieve your password

Are you sure want to unlock this post?

Are you sure want to cancel subscription?

Filecoin’s Protocol Labs lays off one-fifth of staff

Support authors and subscribe to content

Subscribe

Buy Article

Related Articles

Navigate Site

Follow Us

Welcome Back!

Retrieve your password

Are you sure want to unlock this post?

Are you sure want to cancel subscription?