• Dapper Labs has announced a second round of layoffs since the start of 2022, affecting 51 employees and contractors.
• CEO Roham Gharegozlou stated that the layoffs are necessary to ensure long-term success and offered to help departing staff as references in their future endeavors.
• Dapper Labs also noted that its blockchain platform Flow is well-capitalized for their mission, with 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 the start of 2022. 51 colleagues and contractors have been affected by this decision from CEO Roham Gharegozlou who stated that these measures are necessary to ensure long-term success.
Layoffs Necessary for Long-Term Success
Gharegozlou emphasized that layoffs are necessary to ensure the company’s long-term success and offered to help departing team members as references in their future endeavors. He also encouraged entrepreneurship among them and expressed genuine interest in their potential startup ventures. Additionally, Dapper Labs noted that its blockchain platform Flow is well-capitalized for their mission, with no need to sell tokens for short-term operations.
Previous Layoff Round in November 2020
This isn’t the first time this year Dapper Labs has had to downsize its workforce; last November they discreetly laid off staff due to company health issues at the time which have affected many crypto companies during periods of crypto winter.
Upcoming Meeting To Review Priorities
In preparation for what lies ahead, Dapper Labs also announced an upcoming meeting where the team will review their priorities moving forward. Gharegozlou insists there is no need to sell tokens for short-term operations despite these layoffs as Flow remains fully funded separately from Dapper Labs itself.
Conclusion
The announcement of a second round of layoffs by Dapper labs emphasizes the importance of ensuring long term success and making tough decisions when needed. Despite these changes however, Flow remains fully funded separately from Dapper labs continuing on with its mission undeterred.