Coinworld News: PIP Labs, the developer behind Story Protocol, has laid off several employees and contractors, affecting 5 full-time employees and 3 contractors, representing approximately 10% of the total workforce across Story-related entities, including Story Foundation and infrastructure layer Poseidon. Andrea Muttoni, Chief Protocol Officer of Story, stated that PIP Labs is focusing on core directions through modest workforce adjustments, with a strategic shift toward AI-oriented intellectual property infrastructure, encompassing AI training data and AI agent-related businesses. Story's native token IP has declined approximately 86% since its launch, currently trading at around $0.80.

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