OpenSea has announced a further reduction of approximately 50% of its workforce, following a 20% layoff last year. According to Devin Finzer, the CEO of OpenSea, this round of layoffs is part of the company’s plan to revamp its marketplace under the name OpenSea 2.0. The goal is to deliver new and high-quality products, which requires a smaller workforce that can work closely with users.
However, Finzer has not provided specific details on how OpenSea 2.0 will differ from its current version.
TLDR: OpenSea is laying off about 50% of its employees as part of its plan to revamp its marketplace and deliver new and high-quality products under the name OpenSea 2.0. CEO Devin Finzer believes these layoffs will allow the company to work closely with users.