Sorare cuts 13% of its workforce, moves part of team to Paris

According to TechCrunch, Web3 sports company Sorare laid off 22 employees (about 13% of the total staff) in its New York office and plans to move some teams to the company's headquarters in Paris to improve communication and efficiency. Eleven employees were asked to relocate to Paris. Sorare is not closing its New York office, and it will retain some of its teams, such as those that work with U.S. clients or build U.S. brand partnerships with leagues like MLB and the NBA. Sorare's partnerships with these sports leagues have been locked in for several years, a source added. Sorare co-founder and CEO Nicolas Julia said the company will fill most of the laid-off positions in Paris and plans to hire more than 20 positions over the next six months.