Dapper Labs, the company behind the popular NBA Top Shot Moments NFTs, announced another round of layoffs nearly four months after its initial downsizing.
The Canadian blockchain firm said it would reduce its full-time employees by 20%.
The move was announced in a letter sent to the staff by Dapper Labs' founder and CEO, Roham Gharegozlou.
- In the letter, the CEO stated that the decision to downsize was made as part of a corporate restructuring.
- Gharegozlou also underlined that the company has no outstanding debt and is in a strong cash position.
- The firm laid off 22% of its workforce in November, saying that its headcount grew too rapidly in less than two years.
Dapper Labs has a valuation of $7.6B, mainly thanks to its success with its NBA-themed NFTs.
- The downturn in the NFT industry in 2022 forced many NFT companies and marketplaces, including OpenSea, Magic Eden, SuperRare, and Dapper Labs, to reduce their headcount.
