ChainCatcher news, Juan Benet, CEO of Protocol Labs, a decentralized storage network Filecoin development company, announced in a document that due to the economic downturn, the company will lay off 21% of its employees. Protocol Labs will cut 89 positions in several teams, including corporate and member services. and network products, etc. There is currently no indication that the layoffs will have any impact on the FIlecoin team.

It is reported that the cryptocurrency industry has been hit hard by layoffs since April last year, with nearly 29,000 layoffs so far. (Source link)