Dapper Labs Sacks 22% of their Staff

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The NFT giant Dapper Labs are having a fair share of the current bearish trend in the crypto market. The company had to reduce the size of its staff to manage the worsening conditions in the Cryptocurrency sector. Given the current macroeconomic situation, the company reported sacking 22% of its staff.

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The Chief executive officer of the company revealed that he is aware of all the notifications and emails that have been sent to the leaving staff. He added that those who have not received any notification will not be sacked.

Public Announcement Made by Dapper Labs
Gharegozlou disclosed that the organization had developed from a hundred percent to 600 percent within a space of 24 months. Furthermore, it has commenced an operational challenge that restricts it from being community-steered as it ought to be.

Dapper Labs Sacks 22% of their Staff

The executive included that he bears the responsibility for that, as well as having to make the hard decision of sacking the staff, as the organization prepares to restructure.

The Chief executive officer also said that the blockchain company has aligned and concentrated its product plan towards a more cost-effective framework that involves making hard decisions founded on skill and capabilities.

Market Attractiveness Suffers
One of the Dapper Labs’ top projects NBA Top Shot keeps losing strength. This is happening after it had made big waves during the opening of 2021. Even now the project has fallen to a two-year depth in terms of monthly sales. After rallying earlier this year’s January, the sales on the company’s platform fell significantly.

A piece of information from CryptoSlam revealed that the NBA Top Shot recorded below $2.70 million of secondary market sales last month. This is 43% lower than $4.7 million in trades in the month before.

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