Dapper Labs makes third round of cuts in 9 months amid NFT crisis
NFT collectibles company Dapper Labs said goodbye to 51 additional staff just months after a 20% cut headcount in February.
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Technology and non-fungible token collection company Dapper Labs has announced its third round of layoffs in less than a year.
On July 13, Dapper Labs CEO Roham Gharegozlou announced that the company had said goodbye to "51 brilliant colleagues and friends".
In a note to employees, he said the latest round of cuts includes full-time staff and C1 contractors.
“The decision was incredibly difficult because of the incredible people involved,” he said before adding that it was necessary and the right thing to do to “ensure a lean and efficient business.”< /p>
Gharegozlou however reiterated that Dapper Labs and Flow remain "well capitalized" before adding:
"With this restructuring, we have leaned the company, which will allow us to do the right thing for our fans and grow our communities in the healthiest way possible."
We said goodbye to 51 brilliant colleagues and friends today @dapperlabs - here's the note I sent to our team.< /p>
We remain 100% dedicated to our core communities and committed to creating amazing products that move the world forward together.
If you're looking to hire some of the… pic.twitter.com/xwhjZAYLN8
— roham (@roham) July 13, 2023The reduction represents approximately 12% of company staff based on the total number of Growjo.com employees.
This is the company's third staff reduction in less than a year following a 22% workforce reduction in November 2022 and a 20% workforce reduction in February 2023.
Cointelegraph has contacted Dapper Labs for further comment, but had not heard back at the time of publication.
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NFT collectibles company Dapper Labs said goodbye to 51 additional staff just months after a 20% cut headcount in February.
News
Join us on social networks
Technology and non-fungible token collection company Dapper Labs has announced its third round of layoffs in less than a year.
On July 13, Dapper Labs CEO Roham Gharegozlou announced that the company had said goodbye to "51 brilliant colleagues and friends".
In a note to employees, he said the latest round of cuts includes full-time staff and C1 contractors.
“The decision was incredibly difficult because of the incredible people involved,” he said before adding that it was necessary and the right thing to do to “ensure a lean and efficient business.”< /p>
Gharegozlou however reiterated that Dapper Labs and Flow remain "well capitalized" before adding:
"With this restructuring, we have leaned the company, which will allow us to do the right thing for our fans and grow our communities in the healthiest way possible."
We said goodbye to 51 brilliant colleagues and friends today @dapperlabs - here's the note I sent to our team.< /p>
We remain 100% dedicated to our core communities and committed to creating amazing products that move the world forward together.
If you're looking to hire some of the… pic.twitter.com/xwhjZAYLN8
— roham (@roham) July 13, 2023The reduction represents approximately 12% of company staff based on the total number of Growjo.com employees.
This is the company's third staff reduction in less than a year following a 22% workforce reduction in November 2022 and a 20% workforce reduction in February 2023.
Cointelegraph has contacted Dapper Labs for further comment, but had not heard back at the time of publication.
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