OpenSea to Lay off 20% of Employees

OpenSea has become the new victim of the ongoing crypto winter as it has decided to slash its workforce.

According to a report from the Wall Street Journal (WSJ), the non-fungible token (NFT) marketplace has announced that it will cut a fifth or 20% of its staff.
OpenSea, one of the largest marketplaces for NFTs, suggested that about 57 people will be laid off as it said it now has 230 employees.
While, according to TechCrunch, the company’s LinkedIn page indicates it has 769 employees, which would mean roughly 150 people lost their jobs.
Chief Executive Devin Finzer said in an internal memo to employees, …

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