Sorare to Layoff 22

Sorare is a sports management video game that was founded in 2018 with its headquarters in Paris. The game offers a fantasy sports and marketplace experience powered by the blockchain technology. Boasting of over 3 million users, the company was valued at over $4 billion USD as of 2021.

According to recent reports, Sorare has announced plans to layoff 22 employees based in New York City, in a bid to move its product development operations to its Paris office. The report further mentions that an additional 11 employees were asked to move to Paris, and the company claims the layoff is not financially motivated.