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crypto

Polygon Labs Lays Off 20% of Staff

By
Akash Pasricha
· · Source: The Information

Polygon Labs, a group of companies developing the Polygon blockchain, announced on Tuesday it has laid off 20% of its employees, or about 100 people. Polygon Labs cited its recent reorganization, which consolidated several businesses, as the reason for the layoffs. Polygon’s native token, matic, is among the ten largest cryptocurrencies by market capitalization, at $12.5 billion as of Tuesday,...

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