OpenSea lays off 20% of workforce
This is the latest announcement of layoffs from a major cryptocurrency player, suggesting that the pain hasn't quite stopped as a brutalLayoffs are being announced at crypto exchanges all over the world, including Coinbase and Gemini, and in the centralized crypto lending sector, at places like BlockFi.According to Finzer's post, each employee was notified one-by-one before the news was rolled out to the whole team.
They were promised additional benefits, such as health coverage into 2023, and accelerated vesting for those who hadn't served long enough yet."We've been through winter before, and we built this company with the cyclicality of crypto in mind," Finzer wrote in a Slack message he shared with the company, and on Twitter.
"We've also built a strong balance shee through the money we've raised the product-market fit we've proven," he added. "We need to prepare the company for the possibility of a prolonged downturn."
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