E-commerce large eBay is claimed to have reduce 30% of employees 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 employees at KnownOrigin, an NFT market it acquired in 2022, NFTGators has learned, citing folks near the matter.
In keeping with the sources, eBay has fired its enterprise and technique officer Stefanie (Stef) Jay, who was appointed for the function in Could 2021. KnownOrigin co-founder David Moore has reportedly additionally “been made redundant. With the newest 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.
In what appears to be an inside communication that was disclosed within the report, Moore expressed that witnessing the extent of layoffs throughout the staff “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 worth. On the time, eBay stated the acquisition was an “essential step” in its “tech-led reimagination.” Just a few months after shopping for KnownOrigin, eBay acquired one other market for collectible card sport lovers referred to as TCGplayer for almost $300 million.