💰 Polygon Labs lays off 19% of team after 'rapid growth' during crypto's bull run

Polygon Labs is laying off 19% of staff, the organization's CEO Marc Boiron announced in a post to X on Thursday. Polygon Labs' decision to dismiss "60 teammates" follows several other companies announcing layoffs during last year's downturn. In 2023, high-profile crypto companies like Coinbase, Binance and OpenSea all announced layoffs. Roughly one year ago, Polygon Labs also cut 20% of staff.

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