Filecoin Creator Protocol Labs Announces 21% Layoffs

Protocol Labs, the company behind the decentralized file storage network Filecoin, is laying off 21% of its staff, CEO Juan Benet announced in a blog post.

Protocol Labs will cut 89 roles across several teams, including corporate, member services and network goods, among others. The blog post did not say if the team working on FIlecoin was affected.