E-commerce large eBay is claimed to have reduce 30% of workers at NFT market KnownOrigin.
Because the NFT frenzy has cooled off, those that jumped on the bandwagon at the moment are coping with the results. Ebay has reportedly fired workers at KnownOrigin, an NFT market it acquired in 2022, NFTGators has realized, citing folks near the matter.
In response to the sources, eBay has fired its enterprise and technique officer Stefanie (Stef) Jay, who was appointed for the position in Might 2021. KnownOrigin co-founder David Moore has reportedly additionally “been made redundant. With the most recent transfer, eBay has halted all plans for digital artwork as “many throughout the firm are sad, blaming the shortage of management and technique for the layoffs,” the supply added.
Inner communications at KnownOrigin | Supply: NFTGators
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In what appears to be an inside communication that was disclosed within the report, Moore expressed that witnessing the extent of layoffs throughout the workforce “was brutal.” As of press time, eBay made no public bulletins on the matter.
The e-commerce large acquired KnownOrigin in July 2022 for an undisclosed value. On the time, eBay mentioned the acquisition was an “essential step” in its “tech-led reimagination.” A number of months after shopping for KnownOrigin, eBay acquired one other market for collectible card recreation lovers referred to as TCGplayer for almost $300 million.
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