🟣 Polkadot developers are being fired

According to media reports, Parity Technologies (the company behind Polkadot) will fire most of its employees. One of them said the firm was spending money as if it were in a bull market.

Moreover, the Web3 Foundation (which partially funds Parity) is also allegedly planning to cut 40% of its staff.

Some employees believe the reason for this is the huge salaries of management ($1 million per year).