Polygon Labs, a Crypto Company, is Laying Off 20% of its Staff

IndustryTrends

Polygon Labs, the company responsible for the Polygon blockchain network, has announced a 20% reduction in its workforce.

The company's key reason for the decision is the unification of many businesses under Polygon Labs.

In the past 24 hours, the network's native token, MATIC, has experienced a 6% drop, with its value decreasing to approximately $1.40 

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