Sorare lays off 13% of its workforce and moves part of its team to Paris

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Cointime2024/03/07 00:00

By:Cointime

According to TechCrunch, Web3 sports company Sorare laid off 22 employees (about 13% of the total employees) from its New York office and plans to move some teams to its headquarters in Paris to improve communication and efficiency. The other 11 employees in the New York office were asked to relocate to Paris. Sorare did not close its New York office, it will retain some teams, such as the team that works with American clients, or the team that establishes American brand partnerships with leagues such as MLB and NBA. A source added that Sorare's partnership with these sports leagues has been locked in for several years.

Sorare co-founder and CEO Nicolas Julia said that the company will fill most of the laid-off positions in Paris and plans to hire more than 20 positions in the next six months.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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