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

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E-commerce large eBay is claimed to have lower 30% of employees at NFT market KnownOrigin.

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

In response to 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 newest transfer, eBay has halted all plans for digital artwork as “many inside the firm are sad, blaming the shortage of management and technique for the layoffs,” the supply added.

eBay reportedly laid off staff at NFT marketplace KnownOrigin it acquired in 2022 - 1
Inside communications at KnownOrigin | Supply: NFTGators

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

The e-commerce large 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 fanatics known as TCGplayer for practically $300 million.

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