Protocol Labs, the creator of the decentralised storage network Filecoin, has joined a growing list of cryptocurrency and Web 3.0 companies that have reduced their workforce as the industry continues to “weather crypto winter,” exacerbated by the FTX collapse and macroeconomic factors. Protocol Lab’s CEO, Juan Benet, announced in a Friday blog post that the company is laying off 89 employees, or roughly 21% of its workforce. He did not say whether the Filecoin team would be affected. Benet stated that Protocol Labs has “significantly reduced costs” in recent quarters in order to “weather the macro and crypto winter.”