Coinspeaker
Parity Technologies Let Go 30% Employees to Sharpen Focus on Polkadot Core Tech
Parity Technologies, the prominent blockchain infrastructure company supporting the Polkadot network, has unveiled a significant restructuring plan that includes a 30% (around 100 people) reduction in its workforce. This strategic overhaul is designed to refocus the company’s efforts on strengthening its fundamental blockchain and cryptocurrency technologies that underpin the Polkadot platform. The staff reductions will primarily impact departments like marketing and business development.
Polkadot serves as a crucial platform for enabling interoperability and communication between various blockchains and decentralized applications. By channeling their energy into the core technology, Parity aims to enhance the security, scalability, and functionality of the Polkadot ecosystem.
The company has also devised a transitional plan for the affected employees, which will span several months. During th
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