Chainlink layoffs — Dec 6, 2022

Chainlink cuts some sales staff on December 6, 2022 as it restructures ahead of staking

Chainlink, the decentralized oracle network and layer-1/protocol company, cut some sales staffers in a restructuring move announced on December 6, 2022. The company did not disclose the number of jobs cut or the percentage of its workforce affected.

The layoff was described as part of a broader restructuring, according to the available source summary. No direct quote from company officials was included in the source material provided.

Chainlink is best known for building infrastructure that helps smart contracts securely access off-chain data, events, and payments. Its technology is widely used across the crypto industry to connect blockchains with external information and services.

The cuts came before Chainlink added staking, a development that marked an important step in the project’s product roadmap. No further details were provided in the source about additional staffing changes or the long-term impact of the restructuring.

Sources: Google News