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Fitness app STEPN has started laying off employees. Journalist Colin Wu has reported the company intends to lay off more than 100 employees.
The staff reductions have reportedly affected not only M2E platform employees, but also project ambassadors.
It should be noted that the percentage of those laid off has not been disclosed.
In addition, the current bearish situation in the crypto market has also forced STEPN to abandon some developments and reduce investments.
The company is now reportedly focusing its efforts on promoting the studio Find Satoshi Lab and launching new projects such as an NFTs marketplace.
Other companies such as BitMEX, Robinhood, Gemini or Bitso have also previously announced layoffs.
