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Dapper Labs CEO Faces Criticism Amid Layoffs and NFT Litigation

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On March 2, the CEO of Dapper Labs, Roham Gharegozlou, was criticized for allegedly aggravating the company\’s turbulence in layoffs and landmark NFT litigation…

Dapper Labs CEO Faces Criticism Amid Layoffs and NFT Litigation

On March 2, the CEO of Dapper Labs, Roham Gharegozlou, was criticized for allegedly aggravating the company’s turbulence in layoffs and landmark NFT litigation. The former employee said that his bullying of employees and extravagant spending led to high turnover of employees. Last November, Dapper Labs announced a 22% layoff, and another 20% in February this year.

The CEO of Dapper Labs was accused of bullying and excessive spending by former employees

Interpretation of the news:


On March 2, reports surfaced that Roham Gharegozlou, the CEO of blockchain game development company Dapper Labs, was facing criticism for his alleged role in the company’s recent turbulence in layoffs and landmark NFT litigation. According to a former employee, Gharegozlou’s leadership style, which included bullying of employees and extravagant spending, led to a high turnover of staff.

This criticism comes in the wake of two rounds of layoffs at Dapper Labs. In November of 2020, the company announced a 22% reduction in staff, citing the need to refocus on core products and streamline operations. Then, in February of this year, another 20% of staff were let go, with the company stating that it was “aligning resources with business priorities.”

While Dapper Labs has been successful with its flagship NBA Top Shot NFT product, it has also faced legal challenges related to intellectual property rights. In February of this year, the company was sued by the co-creators of CryptoKitties, a blockchain-based collectibles game that helped to popularize NFTs. The lawsuit alleges that Dapper Labs used the co-creators’ ideas and expertise to develop NBA Top Shot without giving them proper credit or compensation.

The criticism of Gharegozlou’s leadership raises questions about the company’s ability to navigate these challenges. The former employee who spoke out about Gharegozlou’s behavior stated that the CEO’s actions created a toxic work environment that ultimately led to higher turnover and talent loss.

Overall, the situation at Dapper Labs highlights the challenges of navigating the rapidly-evolving world of blockchain and NFTs. While the company has had notable successes, it also faces legal and operational challenges that require strong leadership and effective management. As the company moves forward, it will need to address these concerns and ensure that it is able to stay competitive in a fast-changing industry.

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