eBay reportedly laid off staff at NFT marketplace KnownOrigin it acquired in 2022

E-commerce big eBay is alleged to have minimize 30% of workers at NFT market KnownOrigin.

Because the NFT frenzy has cooled off, those that jumped on the bandwagon at the moment are coping with the results. Ebay has reportedly fired workers at KnownOrigin, an NFT market it acquired in 2022, NFTGators has discovered, citing folks near the matter.

In line with the sources, eBay has fired its enterprise and technique officer Stefanie (Stef) Jay, who was appointed for the function in Might 2021. KnownOrigin co-founder David Moore has reportedly additionally “been made redundant. With the most recent transfer, eBay has halted all plans for digital artwork as “many throughout the firm are sad, blaming the shortage of management and technique for the layoffs,” the supply added.

Inside communications at KnownOrigin | Supply: NFTGators

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In what appears to be an inner communication that was disclosed within the report, Moore expressed that witnessing the extent of layoffs throughout the crew “was brutal.” As of press time, eBay made no public bulletins on the matter.

The e-commerce big acquired KnownOrigin in July 2022 for an undisclosed value. On the time, eBay stated the acquisition was an “essential step” in its “tech-led reimagination.” A couple of months after shopping for KnownOrigin, eBay acquired one other market for collectible card recreation fans referred to as TCGplayer for practically $300 million.

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