NFT developer Dapper Labs laid off another 20%
It is reported that the NFT developer Dapper Labs will lay off another 20%, which is less than four months from the last layoff. In an email sent to investors on Wednesday, Roham Gharegozlou, CEO of Dapper Labs, announced “corporate restructuring” and layoffs. He said that as part of the restructuring, we made a difficult decision to lay off 20% of the staff. He also said that the company “has a good cash position and no outstanding debts”. Last November, Dapper Labs laid off 22%. However, a few months before the official announcement of layoffs, many employees had been dismissed and many senior managers had left.
Interpretation of this information:
The recent news reports that the NFT developer Dapper Labs will be implementing another round of layoffs, which is less than four months from the previous one. The CEO of the company, Roham Gharegozlou, sent an email to the investors announcing the “corporate restructuring” and the decision to lay off 20% of the staff. The company is not currently facing any financial struggles, as Gharegozlou mentioned that they have a “good cash position” and no debts.
This announcement comes as a surprise to many, considering that the company had already laid off 22% of its staff last November. However, reports suggest that prior to the official announcement, many employees had already been dismissed, and senior managers had left the company.
The current restructuring of the company may be an attempt to reposition Dapper Labs in the digital marketplace in response to growing competition. As the market for NFTs develops, it is becoming more challenging for individual companies to be successful, and larger, established businesses are entering the market. With this in mind, Dapper Labs may need to make changes to its structure and operations to remain competitive.
The layoff news may also signal an attempt by Dapper Labs to streamline its operations and focus on its core strengths. The company is best known for developing digital marketplaces for NFTs, including the popular NBA Top Shot platform. By focusing on its core competencies, Dapper Labs may be able to remain competitive and continue to innovate in the NFT market.
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