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

Q: How long will it take to read this news story?

The story "Filecoin: Protocol Labs reduces staff by 21%: FIL gears up for price reversal" has 445 words across 22 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Filecoin: Protocol Labs reduces staff by 21%: FIL gears up for price reversal" was covered 1 months ago by AMBCrypto, a news publisher based in United States.

Q: How trustworthy is 'AMBCrypto' news outlet?

AMBCrypto is a fully independent (privately-owned) news outlet established in 2018 that covers mostly crypto news. The outlet is headquartered in United States and publishes an average of 28 news stories per day. It's most recent story was published 9 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #5180403</li><li>URL: https://beamstart.com/news/filecoin-protocol-labs-reduces-staff-1675575231293</li></ul>

AMBCrypto 1 mo ago

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

Quick Summary:

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.