The NFT marketplace cited the reason for laying off its workforce as part of a restructuring.
Late on this Monday, Magic Eden — a leading NFT marketplace on Solana announced the layoff of 22 teammates. The company cited restructuring as the wider crypto economy continues to cope with harsh market conditions.
Today is a sad day at Magic Eden.
As part of a company-wide restructuring, we have made the difficult decision to part ways with 22 teammates. Nothing about this decision takes away from the talent, hardwork and dedication of this incredible group of people. pic.twitter.com/2LAGfK9dMV
— Jack Lu (@0xLeoInRio) February 14, 2023
The Chief Executive Officer and Co-Founder of Magic Eden, Jack Lu, made the layoff announcement via his Twitter account. He wrote “As part of a company-wide restructuring, they have made the difficult decision to part ways with 22 teammates. Nothing about this decision takes away from the talent, hardwork and dedication of this incredible group of pe
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