Crypto: Polygon Labs separates 19% of its employees for a very specific reason

Crypto company Polygon Labs has chosen to let go of a substantial portion of its employees. The decision of the crypto issuing company Polygon (MATIC) comes as part of a policy of restructuring its workforce.

Polygon Labs downsizes in favor of crypto efficiency

Crypto company Polygon Labs recently announced a significant reduction in its workforce. In fact, it has decided to let go of 19% of its employees. A decision which, according to Marc Boiron, the company’s CEO, is not motivated by financial constraints.

According to the explanations of the manager, it is rather a matter ofa strategic initiative aimed at creating a more effective and collaborative team structure. The company actually wants to streamline its operations and promote a more agile work environment.

By reducing its workforce, Polygon wishes to reconnect with its priorities and strengthen its commitment to its core values ​​of diligence and operational agility. A necessity, following the rapid growth that Polygon experienced during the previous bull market.

Marc Boiron emphasizes that the decision to reduce the workforce was not easy to make, but that it is essential for the long-term success of the company. He also emphasizes the importance of making strategic choices in accordance with the overall mission of Polygon Labs.

Polygon Labs relies on a smaller team to strengthen its commitment to innovation and efficiency

Polygon remains focused on its role in the crypto industry

Polygon remains optimistic about its trajectory and role in the Ethereum scaling solutions industry. In addition to reducing the workforce, the company also plans to increase the salaries of remaining employees as part of its restructuring efforts.

Clarification that the latter involves the dismissal of 60 employees to whom the company offered severance pay. These include two months’ salary in addition to health insurance coverage throughout the month of February.

The company remains true to its mission and believes these changes will better position it for future success in the crypto market. Currently, Polygon (MATIC), the native crypto of Polygon Labs, is reflecting positive sentiment.

This is notably marked by an increase in the valuation of the asset of 5.5% over the last 24 hours. The price of Polygon (MATIC) is currently around $0.80 and is positioned at 14e rank of the most dynamic cryptos on the market.

Maximize your Tremplin.io experience with our ‘Read to Earn’ program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.

Similar Posts