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flag Polygon Labs, the company behind Polygon blockchain, announces a 19% workforce reduction of 60 employees, not financially motivated but for performance enhancement.

flag Polygon Labs, the company behind the Polygon blockchain, has announced a workforce reduction of 19%, resulting in the dismissal of 60 employees. flag The CEO, Marc Boiron, acknowledged that this decision was not financially motivated but rather aimed at enhancing the company's overall performance. flag All remaining employees will receive a 15% increase in total compensation, while the geo-pay models will be eliminated. flag Affected employees will receive two months' severance pay and healthcare benefits if applicable.

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