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News

Dapper Labs Announces Departure Of 51 Employees In Restructuring Effort

July 13, 2023 - Around 2 mins mins to read

Key Points:

  • Dapper Labs CEO, Roham Gharegozlou, shared a letter announcing the departure of 51 colleagues and friends from the company, following a layoff of 20% of its full-time staff in February.
  • The decision was made to ensure lean and efficient Dapper Labs, aligning with the company’s long-term goals and commitment to innovation.
  • Gharegozlou expressed gratitude for their contributions, supported their future endeavors, and emphasized the company’s well-capitalized position.
Web3 company Dapper Labs CEO Roham Gharegozlou recently shared a heartfelt letter with the Dapper Labs team, announcing the departure of 51 colleagues and friends from the company.
Dapper Labs Announces Departure Of 51 Employees In Restructuring Effort

The decision, while difficult, was made in order to ensure lean and efficient Dapper Labs, aligning with the company’s long-term goals and commitment to innovation.

Gharegozlou acknowledged their contributions and expressed confidence in their future endeavors. He assured them of the company’s support and willingness to serve as a reference should they embark on new entrepreneurial ventures. The letter emphasized the continued friendship and appreciation for the departed team members.

Dapper Labs Announces Departure Of 51 Employees In Restructuring Effort

While acknowledging the ambitious path ahead, Gharegozlou emphasized that both Dapper Labs and Flow, its blockchain platform, are well-capitalized to pursue their mission. He highlighted the company’s commitment to the health and growth of their communities and assured that Flow has sufficient funding for future operations.

The letter concluded with a message of gratitude and appreciation for the support and partnership of the Dapper Labs team. Gharegozlou expressed his willingness to assist and collaborate with the team, both in the present and in shaping the future of the company.

Dapper Labs laid off 20% of its full-time staff in February. Gharegozlou at that time described the layoffs as part of a restructuring.

Coincu reported in November that it has let off 22% of its workforce as part of a larger strategic refocus and team restructure. Several staff had already been shown the door months before the official layoff announcement, and the company’s mood had grown fraught with worry as a wave of top executives left.

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Dapper Labs

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Roham Gharegozlou

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Author

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.