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Dapper Labs Cuts 22% Of The Company Staff

Dapper Labs, one of the most well-known brands in the Non-Fungible Token (NFT) business, said today that it is laying off 22% of its workforce due to the “macroeconomic environment.”

Dapper Labs Cuts 22% Of The Company Staff 2

Dapper Labs Founder and CEO Roham Gharegozlou wrote in a blog post:

“Because this decision impacts our people, we took a very deliberate approach in looking at our business today and our future business needs to assess how each team is mapped to our strategy, where we are focusing our energy and the critical skills we need on the team to succeed.”

Senior Vice President of Marketing Dave Feldman confirmed on Twitter:

The layoffs at Dapper Labs are simply the most recent in a long line of industry-wide layoffs. Firms such as BitMEX, Digital Currency Group (DCG), and NYDIG have all reduced headcounts in recent weeks in order to weather the bear market.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.