TechFlow news — According to Decrypt, NFT marketplace OpenSea confirmed on Friday that it has laid off approximately half of its workforce.
OpenSea co-founder and CEO Devin Finzer said on Twitter: "OpenSea felt like a follower, not a leader — and that’s not who we want to be. We’re repositioning the team around 'OpenSea 2.0', a major upgrade to our product encompassing core technology, reliability, speed, quality, and experience. We’ll change how we operate, moving to smaller teams with direct connections to users."
A spokesperson added that OpenSea will adopt a flatter organizational structure going forward. Affected employees will receive four months of severance pay, six months of healthcare and mental health services, and accelerated equity vesting.
Previously, OpenSea laid off 20% of its staff in July 2022.
