Dapper Labs lays off staff in second round since 2022

Roham Gharegozlou, the CEO of NFT company Dapper Labs, announced 51 colleagues’ departure amid the second layoff round within a year. 

Dapper Labs CEO announced that both full-time employees and contractors were fired. Gharegozlou emphasized that layoffs are necessary to ensure the company’s long-term success.

We said goodbye to 51 brilliant colleagues and friends today @dapperlabs – this is the note I sent our team.

We remain fully dedicated to our core communities and committed to building amazing products that push the world forward together.

If you're looking to hire some of the… pic.twitter.com/xwhjZAYLN8

— roham (@roham) July 13, 2023

Gharegozlou also offered to help as a reference for future endeavors. He encouraged entrepreneurship among departing team members, expressing a genuine interest in their potential startup ventures.

Dapper Labs also announced the upcoming meeting where the team will review their priorities.

The project’s CEO emphasized that Dapper Labs and Flow, its blockchain platform, are well-capitalized to pursue their mission. Additionally, Flow is funded separately. Gharegozlou insists there is no need to sell tokens for short-term operations.

Last November, Dapper Labs also laid off staff. discreetly downsizing its workforce. In a public letter, the company attributed the reduction to the company’s health. This issue has affected many crypto-focused companies during periods of crypto winters.