KnownOrigin layoffs — Mar 14, 2024

KnownOrigin layoffs announced on March 14, 2024; number of jobs cut not disclosed

eBay responded on March 14, 2024, to allegations of “brutal layoffs” at KnownOrigin, the NFT marketplace it acquired. The company did not disclose how many jobs were cut or what percentage of the workforce was affected.

The restructuring was reported under the category of RESTRUCTURE, but no further details were provided in the source about the scope of the changes or whether additional layoffs were planned. Because the number of affected employees was not disclosed, the full scale of the reduction remains unclear.

KnownOrigin is an NFT marketplace, a platform focused on buying, selling, and showcasing non-fungible tokens. The company became part of eBay through acquisition, placing it within the broader e-commerce company’s digital collectibles and Web3-related efforts.

No direct quotes from company officials were included in the source text. Based on the available information, the only confirmed details are the date of the announcement, the restructuring classification, and eBay’s response to the layoff allegations.

Sources: Google News