Streaming platform and media company OneFootball is to shrink its headcount from 470 to 320 as it dramatically reduces its cost base in the wake of recent moves into the non-fungible token (NFT) and wider Web3 technology space.
Having already made 62 redundancies at the end of last year following a review of business operations that drastically downsized operations in Singapore and downgraded Web3 product revenue expectations, OneFootball has taken further action in a bid to safeguard its financial future.
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