CryptoCA

Dapper Labs Layoffs

November 2022

Dapper Labs announced a layoff affecting 134 employees (22% of its workforce) in November 2022. The company operates in the Crypto sector.

People Affected

134

Percentage

22%

Announced Date

Nov 2, 2022

About

Dapper Labs, the Vancouver-based blockchain company behind NBA Top Shot, has laid off approximately 134 employees, representing 22% of its workforce of 613. The layoffs, confirmed this week, are part of a strategic reorganization to address operational challenges from rapid growth and a refocus on sustainable product strategy. CEO Roham Gharegozlou cited the need for greater alignment and nimbleness, while also acknowledging the impact of macroeconomic headwinds and a significant downturn in the NFT market, where trading volumes have plunged. This move follows a pattern of tech companies scaling back after periods of aggressive expansion.