Polygon Labs Cuts 19% of Staff, 60 Roles, for ‘Enhanced Performance’
The Ethereum-focused developer firm attributes the layoffs to working more effectively, rather than financial reasons.
Jobs
Bitcoin Recedes to $34.2K Ahead of U.S. Nonfarm Payrolls Data
The jobless rate is forecast to hold steady at 3.8%, while the year-on-year growth in average hourly earnings likely slowed to 4% from 4.2%.
CertiK, Blockchain Code Auditor, Makes ‘Strategic Workforce Adjustment’ of 15%
Just last year, the company raised nearly $150 million of fresh capital. Now, as crypto winter drags on, it is cutting jobs, citing “evolving market dynamics.”
Blocknative Reduces Headcount by Third, After Suspending Work on Relay Project
The company completed a restructuring in the wake of its decision to exit services related to its MEV-Boost Relay, a type of software used by Ethereum network validators.
Crypto Catalyst Watch: FOMC Minutes, Jobs Numbers Lead Busy Slate of Economic Releases
In addition, the national ISM manufacturing survey, released during the long July 4 weekend, fell to its weakest level since May 2020.
U.S. Adds 339K Jobs in May, Blowing Through Estimates for 195K; Bitcoin Steady at $27K
Continued strong gains in monthly employment figures have added to the Fed’s case for rate hikes.
U.S. Adds 236K Jobs in March Versus Forecasts for 239K
Bitcoin rose/fell to $XX,XXX in the minutes following the report.
Copper to Make Up to 15% of Staff Redundant, Focus on Custody, Settlement
The process is just getting under way and the company, which employs just over 300 staff, said it cannot put an exact number on job losses.