ADADC

Posted on Feb 23, 2023Read on Mirror.xyz

Dapper Labs lays off another 20% of staff after four months

According to The Block, NFT developer Dapper Labs will lay off another 20% of its staff, less than four months after the last layoff. In an email to investors on Wednesday, Dapper Labs CEO Roham Gharegozlou announced a "corporate restructuring" and layoffs. "As part of our restructuring, we have made the difficult decision to cut our workforce by 20 percent," he said. He also said the company is in a "good cash position with no outstanding debt." Last November, Dapper Labs laid off 22% of its workforce. However, many employees had already been laid off and several senior executives had left, months before the layoffs were officially announced.