The company partnering with BYU on NFT sales has cut its workforce by half

  • 📰 sltrib
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 61%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The Utah County tech firm partnering with Brigham Young University on an NFT marketplace has cut its workforce by about half and closed its office, according to CEO Jon Cheney.

| Nov. 10, 2022, 1:00 p.m.has cut its workforce by about half and closed its office, according to CEO Jon Cheney.

“We just let underperformers go, was all,” he said, adding that tech companies often “optimize” their workforces. Ocavu shifted from 43 or 42 employees, he said, down to 34 and now down to 22, with layoffs in June, September and October. NFTs are essentially digital trading cards, and BYU players can choose to participate under NIL deals — which allow student athletes to earn money for uses of their name, image and likeness.

Casey Stauffer, Brigham Young University's associate athletic director for corporate sponsorships, at left, and Ocavu CEO Jon Cheney announced BYU Athletics NFTs on Aug. 16, 2022.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I guess BYU forgot to ask God?

LMAO

Another UtahCo pyramid scheme goes BOOM!

NFT’s are a joke and anyone wasting money on them deserves to lose everything.

What a surprise 🤦🏽‍♂️

This will not end well. byu chose greed over common sense.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 316. in CA

Canada Canada Latest News, Canada Canada Headlines