NEAR Foundation announced plans to cut its team down by about 40% as part of its realignment initiative, impacting 35 employees. In 2023, the NEAR Protocol managed to host three of ten top Web3 apps, achieve a record number of users daily, and gain more Ethereum community partnerships. NEAR Foundation has released an update through a blog post that its layoff will mainly affect community, business development, and marketing teams. Notably, the engineering team will not remove employees. The reduction follows a review that found the foundation was ineffective, moving too slowly at times and doing too many things at once.
Check out the hashd app. It gives you important crypto news and updates in short, simple and easy to read slides. Amazing!
Android: https://links.hashd.co/android
Comments