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R&D Lab Protocol Labs to Cut 21% of Staff
Summary: Research and development lab Protocol Labs announced on Friday it is cutting 21% of its workforce, citing the current economic downturn. “High inflation leading to high interest rates, low investment and tougher markets have rocked companies and industries globally…making [the crypto winter] more extreme and potentially longer than our industry expected," Protocol Labs CEO Juan ...
Research and development lab Protocol Labs announced on Friday it is cutting 21% of its workforce, citing the current economic downturn.
“High inflation leading to high interest rates, low investment and tougher markets have rocked companies and industries globally…making [the crypto winter] more extreme and potentially longer than our industry expected," Protocol Labs CEO Juan Benet said.
The company will cut 89 workers from a number of its teams.
Author: Tris Bell
Tags: Juan Benet,Protocol Labs,Research and development lab
Link: R&D Lab Protocol Labs to Cut 21% of Staff [Copy]
