Magic Eden has dismissed 22 team members.
The CEO stated that aligning the team with the company’s goals was necessary.
The NFT marketplace is providing support for the affected employees.
Magic Eden is streamlining their operations to remain competitive in the current NFT landscape.
On February 14th, 2023, the leading NFT marketplace shared a blog wherein CEO and co-founder Jack Lu announced a “company-wide restructuring” and associated employee layoffs.
Lu later shared a thread in which he expressed his empathy for the affected individuals, assuring the community that the layoffs had occurred prior to the news going public in the interest of those impacted.
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 (@0xLeo
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