Polygon Labs to Cut Off 19% of Staff
The CEO of Polygon Labs announced the departure of sixty employees or 19% of the company. The reductions are not motivated by a need for funds but rather by a strategic decision to improve performance efficiency. The release also emphasized Polygon Ventures’ transformation into P2 Ventures after its split from Polygon Labs at the end […]
Hodlnaut cuts off staff size by 80%
Troubled cryptocurrency lending platform Hodlnaut stated it is cutting down its staff size by a whooping 80% owing to poor financial condition. The catastrophic situation was revealed on August 19 by Hodlnaut, which provides interest-bearing bitcoin investment alternatives in verified institutions. High withdrawal volumes, the general decline in cryptocurrency markets , and losses incurred by […]