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In February 2023, Polygon announced layoffs affecting about 100 people as part of internal restructuring efforts.

Polygon Labs has announced a 19% reduction in its workforce, impacting 60 employees across various departments. The decision, announced by CEO Marc Boiron in an internal memo on Feb. 1, is part of the company's broader strategy to realign its focus on core projects and accelerate its mission in the web3 ecosystem.

In a decisive move reflecting the dynamic nature of the web3 sector, Polygon Labs announced a significant layoff of its team. The decision, aimed at enhancing operational efficiency, sees the organization bidding farewell to 60 team members, approximately 19% of its workforce.

The company behind Ethereum scaling network Polygon has laid off 19% of its team, less than a year after an even larger layoff.

Cryptocurrency firm Polygon Labs plans to cut 60 jobs globally, or about 19% of its workforce, the company said in a blog post on Thursday, marking a second round of layoffs amid a nascent recovery in digital assets.

Polygon Labs trims its staff by 19%, letting go of 60 employees as part of a restructuring effort.

For the second time in about a year Polygon Labs is reducing staff, the company's CEO announced in a post to X.

Polygon announced that it laid off 19% of its workforce, or 60 employees, in a blog post on Thursday.

The price of Polygon (MATIC) has dropped below a resistance trend line that has been in place since its peak in December 2021. Moreover, MATIC is currently adhering to a shorter-term resistance trend line.

The Ethereum-focused developer firm attributes the layoffs to working more effectively, rather than financial reasons.

In a recent development, Polygon Labs announced a workforce reduction, eliminating 60 roles, accounting for approximately 19% of its staff. The decision was communicated by Marc Boiron, CEO of Polygon Labs, in an update shared with the Polygon Labs team.

Japanese superstar blockchain Astar today announced the launch of Astar zkEVM Powered by Polygon, a Layer-2 scaling solution for Ethereum. The launch is set to take place this month, in late February 2024.

The Polygon (MATIC) price has fallen under a long-term resistance trend line since its all-time high in December 2021.

Polygon zkEVM has an event organized in February 2024 that can help with its growth in the DeFi ecosystem.

Regulatory oversight in decentralized finance (DeFi) has garnered significant attention recently. It has become a focal point for protocols and firms such as Polygon as they strive to navigate the evolving regulatory landscape and establish a solid foundation in the sector.

The crypto markets have witnessed the emergence of a wide variety of altcoins, which have established a strong presence in the space. In recent times, we have witnessed the AI space gaining more attention.

Polygon (MATIC) is making significant strides in the crypto market, particularly in user acquisition and technological advancements

Polygon (MATIC) price falls below moving average lines but moves higher. Analysis of Polygon price charts by Coinidol.com.

Entrepreneur and Dallas Mavericks owner Mark Cuban engaged with his 8.8 million followers on X during an impromptu Ask Me Anything (AMA) session this Monday afternoon. Covering a range of topics, Cuban shared insights into his cryptocurrency interests and other ventures.

A paper prepared by two Polygon Labs executives and a former Financial Crimes Enforcement Network (FinCEN) director presents a framework to combat illicit activity in decentralized finance (defi) markets.

A new study recommends classifying DeFi protocols as "critical infrastructure" under the oversight of OCCIP, which could help ensure their safe operation.

A widely followed crypto strategist is predicting bullish continuations for a handful of altcoins including Solana (SOL), Chainlink (LINK) and Polygon (MATIC). Analyst Michaël van de Poppe tells his 692,000 followers on the social media platform X that the native asset of the smart contract platform Solana looks primed for a move to the upside.

Polygon zkEVM unveils a user reward program in efforts to bolster its DeFi ecosystem.

Polkadot (DOT) Price Analysis Polkadot price has been trading along the ascending trend line, which has been acting as strong support in the last few weeks Despite a significant growth in the buying pressure, the bulls failed to lift the price above the levels, suggesting the presence of decent bearish activity While the RSI is