SNEAK PEEK
- In the unfortunate case of a bear market, GameStop Crypto Wallet announces another round of employee layoffs.
- The reports of layoffs were initially shared by Axios, but the exact number of employees to be laid off is yet to be announced to the public.
- Moreover, since the news surfaced in the market, several engineers have taken their stand via LinkedIn.
In the unfortunate case of a bear market, GameStop Crypto Wallet announces another round of employee layoffs. The CEO, Matt Furlong, in an email, according to Ethan Gach, states that the company is continuously gaining clarity to have the right amount and level of corporate staff needed to achieve the profitability and growth goals.
Further, the reports of layoffs were initially shared by Axios, but the exact number of employees to be laid off is yet to be announced to the public.
Moreover, since the news surfaced in the market, several engineers have taken their stand via LinkedIn. One of them, Brandon Jenniges, expressed that he was impacted by the company layoffs, but he had a great time diving into the subjects of Ethereum and the Crypto space.
Further, there are a lot of reasons that are to be blamed for the unbalanced layoffs in the company. Foremost of all is the slow progress of the NFT launched by the company, which took four months to produce.
At the same time, it took just four days for OpenSea to produce the same amount of returns. Moreover, blaming the incorrect time of launching NFT in the bear market. But, despite this news, the company continues to pursue its goal in the Web3 space.
