Blockchain developer Dapper Labs has laid off around 22% of its employees in a rush to reorganize its business as NFT trading volumes decline, BetaKit has learned.
In an internal letter to staff, Dapper Labs Founder and CEO, Roham Gharegozlou, said that the changes have been made given the current "macroeconomic environment." He continued:
"These reductions are the last thing we want to do, but they are necessary for the long-term health of our business and communities."
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