Polkadot Blockchain Developer to Eliminate About 30% of Staff

Parity Technologies, the blockchain infrastructure company behind the Polkadot platform, will cut 30% of its workforce, or about 100 employees, as part of its plan to “shift” focus to its technology.

The decision will affect teams including so-called go-to-market efforts, as Parity shifts its focus to technology supporting Polkadot, a platform that allows different blockchains to communicate with each other, according to Björn Wagner, chief executive officer of Parity, through a spokesperson, in an email statement Monday.

“Approximately 30% of our less than 400 staff will see their functions or contracts sunset at Parity over a transition period of ...