Opensea Loses Half of Its Workforce

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Last Updated on November 4, 2023 by Bitfinsider

As part of a major reorganization, NFT marketplace OpenSea is laying off half of its personnel.

OpenSea co-founder and CEO Devin Finzer posted in a social media thread that the company is establishing a new foundation to support innovation. This necessitates “shifting to a smaller team with a direct connection to users.”

“So today, we’re saying goodbye to a number of OpenSea teammates,” Finzer stated in a statement. The move is part of the company’s push toward “OpenSea 2.0,” which emphasizes product upgrades in terms of technology, dependability, speed, quality, and experience.

Finzer stated that OpenSea’s redirection is the result of customer criticism that the company felt like “a follower, not a leader.”

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