Ocavu, a Utah-based tech company partnering with BYU on NFTs, has laid off 200 employees, representing a significant reduction from its workforce. The CEO described the cuts as eliminating "underperformers" to balance staffing, while also mentioning the company is receiving "major buyout offers." This restructuring follows a period where the company was valued at $1.9 billion last year, indicating a strategic shift in the competitive NFT and blockchain industry.
