Parity, the development organization of the Polkadot ecosystem, denies rumors of layoffs

ChainCatcher news, according to The Block, the Polkadot ecosystem development organization Parity Technologies denied the rumors of "laying off about 300 employees," stating that it seeks to transfer some existing marketing functions to several decentralized teams within the Polkadot ecosystem, which will affect the company's staffing in the coming months.

Parity stated that it is shifting its focus to providing the next-generation technology for Polkadot, aimed at improving the developer experience and nurturing the developer community. Therefore, it will eliminate some existing marketing functions.