Web 3.0 Layoffs

Polygon Labs sacrifices 19% of its workforce hyperfocus on a single narrative.

An estimated 70 people have been affected by the cuts, deemed necessary to continue the company’s mission of mass adoption.

In a virtual press conference, Meta's Executive champions Metaverse as the future, despite the company's pivot to AI.

Disney is backtracking from its anticipated web3 storytelling experience as it cuts costs amid economic uncertainty.

The NFT marketplace is restructuring its team to align with strategic goals for 2023.

Wyre said it would continue operating normally and resume accepting deposits.

As per reports, the Wyre CEO informed employees in an email that the company would liquidate, terminating their employment.

As a precaution against the worst-case scenario inflicted by the collapse of FTX, the Swyftx dismissed 90 workers.

Web 3.0 Play to Earn game developer falls victim to market conditions, holds off on making new games, and restructures.