Dapper Labs makes 3rd round of cuts in 9 months amid NFT slump
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Nonfungible token collection and technology firm Dapper Labs has announced its third round of staff layoffs in less than a year.
On July 13, Dapper Labs CEO Roham Gharegozlou announced that the firm has said goodbye to “51 brilliant colleagues and friends.”
In a note to employees, he said that the latest round of cuts includes full-time staff and C1 contractors.
“The decision was incredibly difficult because of the amazing people affected,” he said before adding that it was necessary and the right thing to do to “ensure a lean and efficient” company.
Gharegozlou however reiterated that the Dapper Labs and Flow remained “well capitalized” before adding:
“With this restructure we have made the business more lean, which is going to let us do the right thing for our fans and grow our communities in the most healthy ways possible.”
We said goodbye to 51 brilliant colleagues and friends today
