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NFT fantasy sports startup Sorare lays off 13% of staff as web | Metaverse | DeFi | Nfts | Trading

NFT fantasy sports startup Sorare lays off 13% of staff as web3 gaming continues to sputter

Web3-enabled fantasy sports platform Sorare laid off 22 employees based in its New York office in February. The move comes as the startup wants certain teams to be concentrated at the company’s Paris headquarters to improve communication and efficiency, a source familiar with the matter told TechCrunch. “As we plan for our next stage of growth, Sorare has made the decision to centralize some of our functions at our Paris HQ,” Nicolas Julia, the co-founder and CEO of Sorare, told TechCrunch through email.

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