The post Parity Technologies Denies Layoff Rumors! appeared first on Coinpedia Fintech News
Blockchain infrastructure provider Parity Technologies announced that it is transitioning some of its go-to-market functions to multiple decentralized teams within Polkadot’s ecosystem, impacting staffing at the company over the coming months. The company denies rumors of laying off around 300 employees at its off-site event in Mallorca, stressing that any staffing changes connected to the decentralized transition to various ecosystem-funded entities would take place over a period of several months. Parity is focusing on delivering Polkadot’s next-generation technology and fostering a strong developer community while sunsetting some of its existing go-to-market functions.