SuperRare
SuperRare cuts 30% of staff as growth slows during crypto winter
Non-fungible token (NFT) marketplace SuperRare has announced a 30% staff-member cut as CEO John Crain explained that the firm mistakenly over-hired during the last bull market. In a Jan. 7 tweet, Crain shared a screenshot of his message to SuperRare’s Slack channel announcing the 30% cut, stating that he had “some tough news to share.” “Startups are a balancing act of managing rapid growth while doing everything possible to conserve limited resources. During the recent bull run, we grew in tandem with the market” he noted, adding that: “In recent months it’s become clear that this aggressive growth was unsustainable: we over-hired, and I take full ownership of this mistake.” I have some tough news to share: pic.twitter.com/iLDKqgyhQa — SuperRare John (@SuperRareJohn) January 6, 2023 Crain ...
