TechFlow reports, according to Bloomberg, that Parity Technologies, the parent company of Polkadot, will cut approximately 100 employees—around 30% of its workforce. In an email statement released Monday by Parity CEO Björn Wagner, the layoffs will impact teams including marketing, as Parity shifts its focus toward technical support for Polkadot.
Previously, on October 12, it was reported that Polkadot's developer had laid off over 300 employees and directed them to apply for grants from the Web3 Foundation.
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