Filecoin Creator Protocol Labs announces layoffs in the middle of the crypto winter and the economic downturn-
Filecoin Creator Protocol Labs announces layoffs in the middle of the crypto winter and the economic downturn-
The CEO of Protocol Labs, Juan Benet, released a blog post on Friday, in which he announced that 21 % of the company's employees will be released. Protocol Labs is the creator of the Filecoin blockchain network. In the blog post, Benet emphasized that it was an "extremely challenging economic downturn worldwide and especially in the crypto industry".
Protocol Labs strokes spots in response to the macrowinter and the decline in the cryptoma market
protocol laborator The company behind the file memory blockchain-network Filecoin , announced on February 3 to dismiss a number of employees. CEO Juan Benet wrote a blog post entitled "Focusing of our strategy on the crypto winter" to explain the layoffs. He called the "extremely challenging economic downturn", which hit the crypto industry particularly hard. "The macro winter worsened the crypto winter, made it more extreme and possibly longer than expected from our industry," wrote Benet.
"Although we have worked very hard to avoid this, we have made the difficult decision to reduce our workforce by 89 positions (approx. 21 %)," explains the blog post. "This affects individuals in all PLGO teams (PL Corp, PL Member Services, Network Goods, PL OUTERCORE AND PL Starfleet). We had to concentrate our number of employees on the most effective and business-critical measures."
Protocol Labs has joined the list of companies in the crypto industry who have released employees during the “cryptow interior”. Other companies, which are aimed at cryptocurrency and blockchain, such as Z blockchain.com , open sea , huobi and Zwillings , also dismantled personnel. The industry -wide layoffs started to gain dynamics last year and continued until 2023. In his blog post on Friday, Benet found that the "changes will be hard for all labels" and the company will organize a "plgo all hands" meeting on Monday to answer all remaining questions.
The native cryptocurrency of Filecoin, Fil, currently ranks 35th in crypto economy, based on market capitalization. From Saturday, February 4, 2023, Filecoins (Fil) The market evaluation was about 2.11 billion US dollar, with a global trade volume of about 136 million US dollar in the last 24 Hours. Fil has increased by 65.7 % over the last $ 30 days and exceeded leading cryptocurrencies such as Bitcoin bitcoin (btc) ether (eth) . Despite the increase of 65.7 %, Fil was still more than 97 % under his all -time high of $ 236 per piece of Coindie on April 1, 2021. On February 4, 2023 at 3:30 p.m. Eastern Time, Fil was traded for $ 5.59 per unit.
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