Protocol Labs, the open-source research, development, and deployment laboratory, announced that the company has decided to discharge almost 21% of its employees in order to tackle the unfavorable conditions of the long crypto winter.
Notably, on February 3, Juan Benet, the CEO of Protocol Labs, in a blog post, announced that the company has to focus more on new strategies to confront the “extremely challenging economic downturn, worldwide, and especially in the crypto industry”.
He added that the macro winter has impacted to worsen the crypto winter, “making it more extreme and potentially longer than our industry expected”:
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Source: Cryptocurrency - investing.com
