Paradigm-backed payout DAO Utopia is cutting headcount as part of a strategic refocus. The company plans to end all of its services by November 6, but stresses that this does not mean closure, just a departure from its current product line and overall direction. 🔄

The employees who were fired from Utopia received recognition in the cryptocurrency community on Twitter. @0xkaito, associated with Utopia, expressed his gratitude to them and encouraged potential employers in the crypto space to contact them. 👥

The staff cuts indicate that Utopia is preparing for a new and innovative approach to crypto payouts. All eyes in the industry will be on the company's next steps.