Jakarta –
Company OpenSea who sells NFT Ghazali worth billions of rupiah announced the termination of employment (PHK) of 50% of its employees. These layoffs will take effect from November 3, 2023.
This is not the first time OpenSea has carried out layoffs. Previously, in July 2022, the company laid off 20% of its employees. The reason is because the crypto market is considered to be starting to become sluggish.
OpenSea CEO, Devin Finzer said this policy emerged because they were about to release OpenSea 2.0. The team will be leaner than before.
“Today, we are making significant organizational and operational changes as we focus on building a more agile, and ultimately better, version of OpenSea,” he said on the X (formerly Twitter) platform.
This employee reduction has an impact on all divisions. Middle managers are the ones most affected by this reduction.
Apart from apologizing and thanking him, Finzer ensured that employees would receive their severance pay rights. There is also other non-financial support promised. They will receive four months of severance pay, accelerated equity grants, and six months of ongoing medical and mental health care.
OpenSea is a peer-to-peer marketplace for Non-Fungible Tokens (NFT). NFTs are digital assets with unique metadata attached to the token.
OpenSea was founded in 2017, a time when NFTs were not yet popular. Until one day, this platform soared in Indonesia thanks to Ghozali who sold NFT photos of himself every day in different clothes but with the same pose. The NFT, known as ‘Ghozali Everyday’, contains selfies from the ages of 18-22 or from 2017-2021.
At that time, Ghozali sold the photos for 0.001 ETH (USD 3.25) or around IDR 45.8 thousand, following the 2022 exchange rate.
Watch the Video “Meta Stops NFT Support for Instagram and Facebook”
(fyk/fay)
2023-11-07 11:11:51
#Company #Sells #Ghozalis #NFTs #Billions #Rupiah #Lays #Employees
