{"id":74057,"date":"2023-02-14T10:13:12","date_gmt":"2023-02-14T08:13:12","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=74057"},"modified":"2025-09-09T17:56:14","modified_gmt":"2025-09-09T14:56:14","slug":"nft-marketplace-magic-eden-cuts-staff-by-15","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/nft-marketplace-magic-eden-cuts-staff-by-15\/","title":{"rendered":"NFT marketplace Magic Eden cuts staff by 15%"},"content":{"rendered":"<p>The leadership of the Solana-based NFT platform Magic Eden has laid off 22 employees, reducing staff by 15%. <a href=\\\"https:\/\/www.theblock.co\/post\/211269\/magic-eden-lays-off-22-about-15-of-staff-in-latests-workforce-cuts\\\">The Block<\/a> reports this.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\\&#8221;Magic Eden has made a difficult decision, parting ways with 22 teammates as part of efforts to restructure the entire company,\\&#8221; said startup founder Jack Lu.<\/p>\n<\/blockquote>\n<p>According to him, the current headcount optimization is largely driven by priorities for 2023. The priorities were developed after a thorough analysis of which structures and roles are needed for &#8216;the transition to the next phase of scaling&#8217;.<\/p>\n<p>Lu stressed that, despite the bear market, the company remains &#8216;well-capitalised&#8217; and ready to grow.<\/p>\n<p>In June last year <a href=\"https:\/\/u1f987.com\/en\/news\/solana-based-nft-marketplace-magic-eden-raises-130-million-at-a-1-6-billion-valuation\">Magic Eden raised $130 million<\/a> following a Series B funding round. It was led by Electric Capital and Greylock Partners.<\/p>\n<p>Not long before that, in March, the NFT marketplace <a href=\"https:\/\/u1f987.com\/en\/news\/solana-based-nft-marketplace-magic-eden-raises-27-million\">closed a Series A funding round of $27 million<\/a>. Earlier, the largest American crypto exchange Coinbase, in the course of the third wave of layoffs <a href=\"https:\/\/u1f987.com\/en\/news\/coinbase-to-lay-off-20-of-staff-in-third-round-of-layoffs\">slashed staff by 20%<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Magic Eden leadership has laid off 22 people, reducing staff by 15%.<\/p>\n","protected":false},"author":1,"featured_media":74058,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1276,1213],"class_list":["post-74057","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-layoffs","tag-nft"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/74057","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=74057"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/74057\/revisions"}],"predecessor-version":[{"id":74059,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/74057\/revisions\/74059"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/74058"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=74057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=74057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=74057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}