The company behind Polygon (MATIC), one of the most popular Ethereum (ETH) scaling platforms, announced that it has cut its headcount by 20%.
polygon In the announcement published on its official website on February 21, the company inside And outside multiple units under the umbrella of Polygon Labs merging under the plan to 20% corresponding of 100 employees It was announced that he would be sacked.
Employees affected by the decision to their positions and stay in office to deadlines regardless of 3 salary severance pay declared that it will be given. In addition, affected personnel are involved in the development of Polygon. a historical role stated that they have of all dismissed personnel 0xPolygon to be part of the community they will continue stated.
The company also has $2.6 billion worth 1.9 billion MATIC And 250 million dollarsHe emphasized that his treasury is strong with more than .
According to Coinecko data, the latest 30 per day of 35% MATIC, which gained value over the last year, with the fall of Bitcoin after the decline of the US markets. 24 hours in 8.8% lost value. In the last 7-day period $1.47 MATIC, which reached the levels of $1.34 trading levels.