40% of Staff ousted from NEAR Protocol's Octopus Network
2022 has been the year of crypto layoffs. From the biggest to the smallest, a plethora of firms reduced their workforce in response to the gruesome bear market. Adhering to the market conditions, NEAR Protocol’s Octopus Network will be bidding adieu to 40 percent of its workforce. As per reports, 12 out of 30 members will depart from the core team. In addition to this, those who will be retained at the firm will endure a 20 percent cut in their salary. Token incentives for the members of the Octopus Network are out of the picture for some time at least. In an elaborate Medium post titled “Core Team Refactoring for Octopus 2.0” Louis Liu, the founder of the network pointed out how this time’s crypto winter is much harsher than the previous ones. Further making a prediction about the ongoing market, Liu said, “..the crypto winter will last at least another year, perhaps much longer. Most Web3 startups will not survive. I wouldn’t recommend that o...