NFT Marketplace OpenSea to Lay Off 20% of Employees
OpenSea, one of the largest marketplaces for nonfungible tokens, said Thursday it would cut a fifth of its staff as the crash in cryptocurrency prices continued to wreak havoc on digital-asset firms.
Chief Executive Devin Finzer said in an internal memo to employees that he shared on Twitter that the company would provide severance and healthcare coverage into 2023, as well as accelerated equity vesting, for those laid off.
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