Dapper Labs laid off dozens more employees to make the business leaner, but its CEO stressed that both the company and Flow, its blockchain, are well capitalized.
Dapper Labs CEO Roham Gharegozlou tweeted Thursday that the company parted ways with 51 employees, including full-time staff members and C1 contractors.
The cuts comes after the NFT company let go 20% of its staff in February. In November 2022, the company also laid off 22% of its employees.
“This decision was incredibly difficult because of the amazing people affected but it is necessary and the right thing to do to ensure a lean and efficient Dapper Labs,” Gharegozlou wrote in an internal note that he also shared on Twitter.
Gharegozlou said Dapepr Labs and Flow, its NFT-focused blockchain, are “well capitalized to pursue …