**Parity Technologies to Cut 30% of Workforce** 👥: Parity Technologies, the firm behind Polkadot (DOT) development, has announced plans to lay off around 100 employees, constituting 30% of its workforce. The company aims to ensure that those affected can still contribute to the Polkadot ecosystem. Addressing the prior rumor of a 300-employee layoff on the 13th, Parity Technology stated that there may be personnel changes as they explore ways to transition certain functions into the decentralized Polkadot ecosystem. 🌐💼 #ParityTechnologies #Polkadot #WorkforceReduction 📢👋

**Just In 🚨**: Chia Network (XCH), the blockchain and smart transaction platform, has announced a reduction in its workforce. Chia Network stated, "We have informed 24 employees, which amounts to approximately one-third of our total workforce of 70 employees, about the layoffs. This decision is a response to the challenging business environment that has persisted in recent months." As a result of this workforce reduction, Chia Network's IPO plan is expected to be postponed, according to CoinDesk. #ChiaNetwork #XCH #Blockchain #WorkforceReduction #CryptoNews