CryptoCA

Dapper Labs Layoffs

July 2023

Dapper Labs announced a layoff affecting 51 employees in July 2023. The company operates in the Crypto sector.

People Affected

Announced Date

Jul 12, 2023

About

Dapper Labs, the blockchain company behind NBA Top Shot, laid off approximately 51 employees, representing around 12% of its workforce, in November 2023. The layoffs were part of a restructuring effort to streamline operations and focus on core products, reflecting broader challenges in the cryptocurrency and NFT industry. The company, which had grown rapidly, aimed to achieve a more sustainable cost structure amid shifting market conditions.