Filecoin Parent Company Protocol Labs Cuts 21% Of Workforce In Wake Of Crypto Winter

The parent company of Filecoin (CRYPOT: FIL), Protocol Labs, a technology company that develops computing infrastructure, has laid off 21% of its workforce, citing a global economic downturn and an extended cryptocurrency winter as reasons for the move. The layoffs impacted PLGO teams including PL Corp, PL Member Services, Network Goods, PL Outercore, and PL Starfleet.