Octopus Network, a decentralized app chain network built on the NEAR Protocol.announcewhether to “restructure” to match the current market conditions
As part of the restructuring process, Octopus Network will lay off approximately 40% of its team, which represents 12 of its 30 employees. suspended indefinitely
according to Louis Liu The Octopus Network founder said that although he has been through a crypto winter before, “this winter is very different from the past.” Liu said he predicted that “the current crypto winter will last at least another one.” one year Or maybe longer,” adding that “Most Web3 startups will not survive.”
which to survive this winter The founders also shared that in addition to layoffs and wage cuts, The network will have to change its strategy. This will involve building with NEAR and IBC as the cornerstone of the new strategy.
over the past several months Many companies have had to lay off staff and make tough decisions in order to survive. It has announced a second round of layoffs in an attempt to survive a bear market. from the previous Bybit’s headcount grew from a few hundred to more than 2,000 in two years.
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