NEAR Foundation, overseeing the NEAR protocol, cuts 40% of its workforce, affecting 35 jobs, to streamline operations and enhance efficiency.
The move follows feedback from the NEAR Foundation Council about sluggishness and overcommitment to multiple projects.
The NEAR Foundation, the non-profit entity behind the NEAR protocol, revealed in an official announcement its intention to significantly reduce its workforce, marking a strategic shift towards a more streamlined approach to achieving its goals.
Workforce Realignment for Strategic Impact
In the blog, NEAR protocol has announced a reduction of its workforce by 40%, impacting 35 jobs. This decision comes as a response to feedback from the NEAR Foundation Council, citing concerns about the organization’s effectiveness and its tendency to move too slowly while juggling multiple projects simultaneously.
The NEAR Foundation has witnessed substantial progress in recent times. In 2023, the NEAR Protocol reached new heights, becoming the

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