Market Cap: $2,345,692,399,191
24h Vol: $99,796,706,023
Cryptocurrencies: 28724
Markets: 116273
Cryptocurrencies: 28724
Markets: 116273
Market Cap: $2,345,692,399,191     
24h Vol: $99,796,706,023
Seeking Alpha 2023-02-23 22:25:57

NFT shop Dapper Labs said to cut 20% more of staff as part of restructuring

NFT shop Dapper Labs said to cut 20% more of staff as part of restructuring
Dapper Labs, the developer of well-known non-fungible token collection such as NBA Top Shot, is laying off 20% of its full-time employee base to mark its second round of job cuts in less than four months, The Block reported Thursday, citing a document. Roham Gharegozlou, CEO of the NFT powerhouse, announced the layoffs as part of a "corporate restructure," he wrote in an email sent to investors on Wednesday, while noting the company has a "strong cash position with no outstanding debt." Similarly, cryptocurrency analytics firm Messari earlier said it reduced its headcount by 15% amid the company's restructuring effort. In the midst of a market downturn, Dapper reduced 22% of its workforce in November 2022, The Block noted . In October, Dapper Labs restricted payment services for NFT owners whose accounts were tied to Russia following the European Union's sanctions against the country .
esptco-banner img
Latest News

Videos

  • What is an ICO, IEO, STO, IDO? Which one is the Best?

  • Helium Mining: New HNT Mining Hotspots Revealed!

  • Solana Coin (SOL): Everything You Need to Know

  • CEX vs DEX: Which Type of Crypto Exchange Is Better?

Our Partners

Hashing Ad Space
Inbound Junction
Magic Logix
Asimi
Crypto Marketing Agency, FINPR
Chainwire