Octopus Network Layoffs: 40% of Staff Ousted Amid Restructuring

NEAR Protocol’s dapp chain network, Octopus Network, is undergoing significant changes, including laying off staff. Reports indicate that 12 staff members, accounting for about 40% of its team of 30, are being ousted. This decision is attributed to a "refactoring" process designed to adapt to the current challenging market conditions.

As Octopus Network, a decentralized app chain network natively built on NEAR Protocol, navigates the ongoing bear market, these difficult decisions were deemed necessary. About 40% of members (12/30) will leave the core team. The rest must accept a 20% pay cut, and token incentives will be suspended indefinitely.

Octopus Network has announced that it is cutting 40% of its team amid current bleak market conditions. As per reports, NEAR Protocol’s Octopus Network will be bidding adieu to 40 percent of its workforce, a reflection of widespread adjustments within the crypto industry. Adhering to the market conditions, the project cited a "refactoring" process. The project says it\'s 2025 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.

The remaining team members will accept a 20% salary cut. This restructuring, while impactful, aims to ensure the long-term viability of Octopus Network within the NEAR Protocol ecosystem. Octopus Network, una red descentralizada de cadenas de aplicaciones basada en NEAR Protocol, ha anunciado que se va a refactorizar para adaptarse a las…