Dapper Labs is letting go of another 20 of its staff, according to The Block, citing an email it obtained that was sent to investors on Wednesday from company CEO Roham Gharegozlou.
In the email, Gharegozlou announced a corporate restructuring and said that “as part of this restructure, we have made the difficult decision to part ways with team members representing 20 of full-time employees," he wrote.
Gharegozlou also noted that the company is in a “strong cash position with no outstanding debt.”
Dapper had previously laid off 22 of its staff in November.
On Monday, a federal judge ruled that Dapper’s NBA “Top Shot Moments” non-fungible tokens could be considered securities.
Dapper Labs did not immediately respond to a request for comment.
