**News Flash: RDX Works Cuts 15% of Workforce Amid Cost-Cutting Measures**

RDX Works, the team behind the Radix decentralized finance (DeFi) platform, has announced a 15% reduction in its workforce to lower costs. CEO Piers Ridyard confirmed the layoffs on Aug. 29, stating the move is part of broader changes to refocus the company.

- **Mainnet Launch**: Radix launched its mainnet in July 2023, offering tools for building decentralized applications (DApps) and financial services on the blockchain.

- **Key Projects Unaffected**: Ridyard assured that key projects like the Cassandra test network and multifactor account persona control (MFA) will continue unaffected.

- **Token Impact**: The Radix ecosystem token (XRD) saw a slight 1% increase to $0.02352, though it's still down over 96% from its all-time high in November 2021.

- **Recent Partnership**: The layoffs follow a new partnership with digital asset market maker Keyrock and others to introduce flash liquidity to the Radix ecosystem.

Despite the staff cuts, RDX Works aims for a smooth transition and minimal disruption to ongoing projects.