Magic Eden Lays off 22, About 15% of Staff in Latest Workforce Cuts

Magic Eden laid off 22 people as companies across the industry cut staff amid industry-wide cuts. That amounts to about 15% based upon the 141 employees listed on LinkedIn. Magic Eden is the latest crypto company to cut back on its workforce. Last month, Coinbase cut 20% of staff, Digital Currency Group's Luno trimmed 35% and Genesis slashed 30%. (The Block)

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