• Dapper Labs announces second round of layoffs since 2022, resulting in 51 colleagues’ departure
• CEO Roham Gharegozlou stresses the importance of the layoff for long-term success and offers to help departing staff with references
• Dapper Labs is well-funded and there is no need to sell tokens for short-term operations
Dapper Labs Announces Layoffs
Dapper Labs, an NFT company, has announced a second round of layoffs since 2022. As reported by CEO Roham Gharegozlou, the layoff resulted in 51 colleagues’ departure. This included both full-time employees and contractors.
Layoffs Necessary for Long-Term Success
Gharegozlou stated that the layoffs were necessary to ensure the company’s long-term success. He also expressed his genuine interest in helping departing staff with references for future endeavors and encouraged entrepreneurship among them. Additionally, Dapper Labs will hold a meeting to review their priorities.
The project’s CEO emphasized that Dapper Labs and its blockchain platform Flow are well capitalized to pursue their mission. There is no need to sell tokens for short term operations as Flow is funded separately from Dapper Labs.
In November 2020, Dapper labs discreetly downsized its workforce due to health of the company concerns; this has been a trend among crypto focused companies during periods of crypto winter.
Though it was difficult to let go so many brilliant team members, Gharegozlou insists that it was done in order ensure the company’s long-term success and sustainability moving forward into 2021 and beyond.