OpenSea to Slash 20 Percent of Workforce to Reduce Costs Amid Prolonged Slump in Digital Asset Markets

OpenSea will cut 20 percent of its workforce to cut costs amid a prolonged slump in digital asset markets. The company’s chief executive Devin Finzer said OpenSea needed to prepare the company for the possibility of a “prolonged downturn”. Other crypto and digital asset focused companies have also cut jobs in recent weeks, including Coinbase.

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