Cryptocurrency News

OpenSea lays off 20% of its staff, citing ‘crypto winter’

07/15/2022

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2022.07.15 15:12

OpenSea lays off 20% of its staff, citing ‘crypto winter’

Nonfungible token (NFT) marketplace OpenSea announced mass layoffs on Thursday, joining other crypto companies in reducing headcount during one of the most volatile periods in the industry’s history.

Co-founder and CEO Devin Finzer took to Twitter (NYSE:TWTR) Thursday afternoon to disclose that his company was laying off up to 20% of its staff. In a long message conveyed to employees, Finzer blamed “an unprecedented combination of crypto winter and broad macroeconomic instability” for the layoffs.

07/15/2022

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