Filecoin: Protocol Labs reduces staff by 21%: FIL gears up for price reversal

The company behind Filecoin will reduce its workforce by 21%. FIL may be due to a reversal as buying pressure weakens. In a press release published on 3 February, Protocol Labs, the company behind decentralized file storage network Filecoin [FIL], announced that it would layoff 21% of its workforce. Citing “extremely challenging economic downturn” as […]