Dapper Labs cuts 22% of the complete employees
Dapper Labs, the NFT-targeted blockchain developer Flow, announced a substantial employees cutback due to the predicament. Dapper Labs cuts 22% of the complete...
Dapper Labs, the NFT-targeted blockchain developer Flow, announced a substantial employees cutback due to the predicament.
In a statement launched on the evening of November two, Dapper Labs founder and CEO Roham Gharegozlou stated he had to “make a difficult decision” to portion with 134 of the company’s 613 personnel, equivalent to 22 % of the workforce.
The CEO explained that the cause for the determination is due to the company’s “long-term health”, as very well as the inability to handle operations due to “the impact of the macro-environment on the Web3 industry”.
Furthermore, Mr. Gharegozlou also admitted that Dapper Labs grew also rapidly in a quick time, going from one hundred personnel to 600 in significantly less than two many years, and taking complete duty for the errors that led to the layoff.
Dapper Labs is committed to supplying generous subsidies and supplying added benefits to personnel who have misplaced their jobs.
Dapper Labs is the developer behind Flow, the NFT-centric blockchain, as very well as behind profitable NFT tasks in the previous like NBA Top Shots or Crypto Kitties. However, with the cryptocurrency marketplace crashing in 2022, NBA Top Shots NFT revenue in October had been just $ two.seven million, the lowest given that December 2020.
The record of crypto businesses cutting their employees in 2022 also contains BitMEX, DCG, NYDIG, Genesis Trading, Immutable, Blockchain.com, OpenSea, Celsius, Coinbase, Bybit, Crypto.com, and extra.
Synthetic currency 68
Maybe you are interested:
More From Crypto News
Visa Stablecoin Dollar Volume Falls After Data Reset
The adjusted dollar volume figure that Visa publishes as part of its stablecoin activity monitoring was revised downward after the reset recalibrated the underl...
XRP ETFs Draw $75M as Solana Funds Hit 2026 High
XRP exchange-traded funds pulled in $75 million in net weekly inflows during the latest reporting period, while Solana-focused funds reached a new 2026 high, ac...
Solana SIMD-0649 Fee-Priority Proposal Closes Without Merge
Solana’s SIMD-0649, a governance proposal titled “Priority Ordering Within Entry Batches,” closed without a merge on September 25, 2026, four days after it was...
Bitcoin Spot ETFs Gain $2.39B Weekly as YTD Flows Turn Positive
Bitcoin spot ETFs recorded $2. 39 billion in weekly net inflows, a result significant enough to push the product category’s year-to-date flow total into positiv...
SEC Staking-Token Categories Exclude cbETH and stETH: Coinbase Exit Risk
SEC staff have drawn staking-token classification lines that omit cbETH and stETH, leaving holders of Coinbase’s wrapped staking token and Lido’s liquid staking...
Bitcoin Faces $16B Options Expiry Before U.S. Data, CME Settlement
Bitcoin is approaching a large-scale options expiry event reportedly worth $16 billion in notional value, coinciding with scheduled U. S.
