Magic Eden layoffs — Feb 14, 2023

Magic Eden Lays Off 22 Staff in Companywide Restructure on February 14, 2023

Magic Eden, an NFT marketplace, laid off 22 employees on February 14, 2023 as part of a companywide restructuring, according to the available source. The company did not disclose what percentage of its workforce was affected.

The job cuts were categorized as a restructure. No additional details about the restructuring plan were provided in the source material.

Magic Eden operates as an NFT marketplace, a platform used for buying, selling, and trading non-fungible tokens. The company’s layoff announcement adds to a broader wave of workforce reductions across the crypto and Web3 sector during the period.

No direct quotes from company officials were included in the source text, and no forward-looking guidance or timeline was provided in the available information.