Close Menu
LockMeta
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Business
  • Markets
  • Policy
X (Twitter) Telegram
LockMeta
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Business
  • Markets
  • Policy
X (Twitter) Telegram
LockMeta
Business 1 year ago

OpenSea has cut about 20% of its workforce

Devin Finzer, co-founder and CEO of NFT marketplace OpenSea, announced Thursday that the company has cut about 20% of its workforce.

OpenSea said it will provide “generous severance packages, full-year health insurance through 2023, and accelerated equity vesting” for retrenched employees.

“Everyone who leaves has played a key role in OpenSea’s journey, and the reality is that we have entered an unprecedented combination of crypto winter and macroeconomic instability, and we need to prepare the company for the possibility of a prolonged downturn,” Finzer wrote. be ready”.

According to Finzer, this round of layoffs will allow OpenSea to maintain normal operations for five years amid the crypto bear market.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticlePoS blockchain network Sui releases Chrome plugin wallet for testing
Next Article STEPN: APE Realm will open next week, has airdropped APE Shoeboxes to BAYC holders

Related News

2 days ago

Seeking a statutory maximum sentence of 10 years in prison for former Binance CEO CZ

6 days ago

Expected payout ratio for FTX claims rises to up to 65%

6 days ago

CZ meme coin has surged 381x to reach $0.000649

7 days ago

Binance incident will open a new chapter for the industry

7 days ago

Binance was fined more than $4.3 billion in total, of which $3.4 billion was imposed by the U.S. Treasury Department

1 week ago

U.S. Department of Justice seeks more than $4 billion from Binance to settle criminal charges

1 week ago

Turkish TRY becomes the most traded fiat pair on Binance in September

1 week ago

Standard Chartered Bank and SBI Holdings partner to invest $100 million in crypto startups

The Latest
Business 2 days ago

Seeking a statutory maximum sentence of 10 years in prison for former Binance CEO CZ

Altcoins 2 days ago

Proposal PIP-010 passed, raising interest rates on all mortgage debt from 2% to 4%

Ethereum 2 days ago

A total of 3,749,835.43 ETH were destroyed on the Ethereum network

Markets 2 days ago

Before the market rebounded, USDT accounting for 3.54% of the total supply was transferred to the exchange

Markets 2 days ago

During the decline of BLUR in the past 24 hours, three whales deposited a total of approximately 7.17 million BLUR to the exchange

Crypto Assets
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
Market Dynamics
  • Business
  • Markets
  • Policy
Support
  • Contact Us
  • Advertise
About
  • About Us
  • Privacy Policy
  • Terms of Service

The daily digest for crucial crypto news updates.

X (Twitter) Telegram
Disclaimer:

LockMeta endeavors to provide accurate and current information. However, due to the evolving nature of the crypto space and reliance on external sources, we cannot guarantee its complete accuracy. We advise users to conduct their own research and consult professionals before making decisions. LockMeta assumes no liability for actions based on our content.

© 2023 LockMeta.

Type above and press Enter to search. Press Esc to cancel.