Citing economic instability, especially around the cryptocurrency, OpenSea is cutting 20% off its workforce.
This was officially noted by the platform’s CEO, whom he initially shared on the company’s Slack channel. He further stated that the company would go through a prolonged downturn like this; thus, cutting a few people would make it prepare for it.
Letting Go Of Employees
With the global economy falling apart gradually, many tech companies are cutting jobs as one of the measures to save up on costs. We’ve seen Meta , Google , Uber, Spotify, Snap, Twitter, Netflix, etc., doing so in recent weeks.
Now, joining the list is the world’s largest NFT platform – OpenSea . As the company’s CEO Devin Finzer shared on his Twitter, OpenSea is letting go 20% of its workforce soon. He shared a screenshot from their internal communication platform Slack, sent to the entire company.
Today is a hard day for OpenSea, as we’re letting go of ~20% of our team. Here’s the note I shared with our team earlier this morning: pic.twitter.com/E5k6gIegH7 — Devin Finzer (dfinzer.eth) (@dfinzer) July 14, 2022
