OpenSea has become the new victim of the ongoing crypto winter as it has decided to slash its workforce.
OpenSea, one of the largest marketplaces for NFTs, suggested that about 57 people will be laid off as it said it now has 230 employees.
While, according to TechCrunch, the company's LinkedIn page indicates it has 769 employees, which would mean roughly 150 people lost their jobs.
Chief Executive Devin Finzer said in an internal memo to employees, also shared on Twitter, that the firm would provide severance and healthcare coverage into 2023 to those laid off. Finzer added that accelerated equity vesting will also be provided.
"The changes we're making today put us in a position to maintain multiple years of runway under various crypto winter scenarios (5 years at the current volume) and give us high confidence that we only have to go through this process once," Finzer said.
The layoffs are a contradiction to Finzer's claims in January after raising $300 million in venture capital...
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