Autograph

Autograph, the NFT platform co-founded by Tom Brady, has laid off about a third of its workforce, affecting up to 30 employees out of a total of 107. This significant reduction, which occurred in early May 2023, follows a previous round of layoffs in December, as the company navigates a cooling NFT market where sales are projected to plummet 72% this year. The layoffs, impacting senior executives as well, reflect broader challenges in the technology and digital collectibles industry, with Autograph citing market conditions similar to other tech firms that have downsized. Despite the cuts, the Los Angeles-based startup, which raised $170 million in Series B funding in 2021, aims to focus on product development with its remaining team.

Autograph, the NFT and Web3 platform co-founded by Tom Brady, has laid off dozens of employees, representing a significant portion of its 124-person workforce. The cuts, which occurred in December 2022, primarily affected marketing, HR, and creative departments. The company cited challenging market conditions as the reason for the "small workforce reduction." This move followed Autograph's decision to sever ties with its board member, the disgraced FTX founder Sam Bankman-Fried. Backed by major investors like Andreessen Horowitz, the Los Angeles-based startup operates in the digital collectibles and blockchain industry, having launched during the peak of the NFT sports boom.