Summary
eBay is laying off workers from its Web3 and NFT team, affecting 30% of the headcount after acquiring KnownOrigins. The layoffs may be due to industry trends and other firms also reducing headcount. eBay remains invested in NFT business despite layoffs.
Key Points
1. eBay is reportedly laying off workers from its Web3 and NFT team, affecting 30% of the headcount following the acquisition of KnownOrigins in 2022.
2. David Moore, co-founder of KnownOrigins, confirmed being impacted by the layoffs and called them “brutal.”
3. eBay’s layoffs could be a result of industry trends, with other companies also reducing headcount, providing cover for eBay to do the same.