Bloomberg: Polkadot developer Parity Technologies to lay off 30%, about 100 employees

ChainCatcher news, according to Bloomberg, the blockchain infrastructure company behind the Polkadot platform, Parity Technologies, will lay off 30% of its workforce, approximately 100 employees. Parity CEO Björn Wagner stated that the layoffs will affect the market expansion team as Parity shifts its focus to supporting the technology of Polkadot.

Previous news, on October 12, insiders reported that Parity Technologies would lay off over 300 people, which was later denied by Parity Technologies, stating that it seeks to transfer some existing marketing functions to several decentralized teams within the Polkadot ecosystem, which will affect the company's staffing in the coming months.