OpenSea Cuts Staff by 50%, Citing “Organizational and Operating Changes”
Crypto News

OpenSea Cuts Staff by 50%, Citing “Organizational and Operating Changes”

1m
Created 5mo ago, last updated 5mo ago

OpenSea, a leading NFT marketplace startup, reported that almost half of its employees have been laid off as part of a major restructuring exercise.

OpenSea Cuts Staff by 50%, Citing “Organizational and Operating Changes”

OpenSea, a leading NFT marketplace startup, reported that almost half of its employees have been laid off as part of a major restructuring exercise.

View post on Twitter
According to the business, these organizational and operational adjustments are aimed at creating a more nimble and enhanced version of OpenSea. The layoffs come as OpenSea attempts to reclaim its status as a leader in the NFT field and respond to comments that it has fallen behind competitors like Blur.

CEO Devin Finzer stressed the importance of OpenSea becoming a more proactive and inventive platform. According to Finzer, In the future, OpenSea will also have a flatter organizational structure.

OpenSea, which saw substantial success during the initial NFT market boom as the leading NFT marketplace, has been confronted with obstacles as a result of a market downturn, with the NFT sector experiencing a brutal bear market.

Let us know what you loved about this article, what could be improved, or share any other feedback by filling out this short form.

This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
0 people liked this article