- 51 Dapper Labs staff had been laid off within the current layoff.
- That is the third spherical of layoffs for Dapper Labs.
- He made earlier layoffs in November and February.
Amid an prolonged crypto winter within the non-fungible token (NFT) market, Dapper Labs CEO Roham Gharegozlou on Thursday morning Asia time by means of a tweet mentioned the corporate had laid off 51 staff.
The corporate has seen three rounds of layoffs previously twelve months. It introduced the layoff of twenty-two% of its workforce in November 2022 and 20% of its staff in February this yr.
Restructuring of Dapper Laboratories
In in the present day’s tweetRoam mentioned:
“We mentioned goodbye to 51 sensible colleagues and associates in the present day @dapperlabs… We stay absolutely devoted to our core communities and dedicated to creating wonderful merchandise that transfer the world ahead collectively. If you happen to’re seeking to rent a few of the individuals Net 3’s most unimaginable, look no additional. We’ll have a listing of people to share by Monday (requires opt-in).
Roham went on to say that the restructuring they’ve executed provides the corporate extra management, which is able to permit them to do the fitting factor for his or her followers and develop their communities within the healthiest means doable.
The NFT market continues to battle
The NFT market has not seen the identical post-FTX restoration as different sectors of the crypto economic system and remains to be struggling. NFT buying and selling quantity is struggling whereas gross sales quantity and customers in NFT marketplaces proceed to say no.
The worth of some Apes from Bored Apes, a premium NFT assortment not produced by Dapper Labs however which can be utilized as an indicator of market well being, has fallen by 80%. It was just lately revealed {that a} BAYC NFT attributed to Justin Bieber had misplaced over 95% in worth.
