Polygon Labs said to have laid off 60 staff following new $250 million acquisition

TL;DR:

Ethereum scaling firm Polygon Labs disputed reports of a 30% workforce reduction, saying role overlaps from acquisitions drove the changes while its headcount remains the same.

Key Points:

Background:

Cryptocurrency markets continue to evolve with new developments affecting the broader digital asset ecosystem.

Why It Matters:

This development could influence ETH price action and market sentiment in the near term.