Blockchain startup R3, which received investment from Intel, laid off one-fifth of its workforce

Odaily News R3, a start-up company specializing in blockchain system development, laid off one-fifth of its employees last week. It has received investments from Bank of America, Intel and others to retain cash to cope with the industry downturn. People familiar with the matter revealed that the layoffs will affect various functional areas around the world, but did not provide a specific number. (Bloomberg)