Odaily Planet Daily News RDX Works, the team behind the DeFi platform Radix, laid off 15% of its employees in order to reduce costs. The company's CEO Piers Ridyard confirmed in a statement released on the official TG channel on August 29 that the layoffs were for "refocusing" and were part of "more comprehensive changes that need to be made." He said: "One of them is to cut costs. As part of this, RDX Works has made a difficult decision to lay off about 15% of its employees, which has been completed today." The Radix network will officially launch its mainnet in July 2023, providing developers with tools to build and run DApps and financial services on the blockchain. (Cointelegraph)