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Sorare suddenly lays off 35% of staff: CTO steps down, CEO promises to turn a profit by 2026
[Chain News] Web3 fantasy sports platform Sorare has suddenly made a big move—cutting one-third of its staff.
Here’s what happened: One of the co-founders exposed an internal document on social media, revealing that the roughly 100-person team would be laying off 35 people. What’s even more shocking is that co-founder and CTO Adrien Montfort is stepping down from his operational role.
CEO Nicolas Julia responded by saying this is to “accelerate the path to profitability,” and dressed up the layoffs with reasons like simplifying the structure and improving decision-making efficiency. He also admitted that “it’s tough, but it has to be done.”
In fact, Sorare has been downsizing for a while. Previously, they moved their business to the Solana blockchain, which reportedly could bring in $10 million in revenue. Julia remains optimistic, confidently promising a return to growth in 2025 and profitability by the end of 2026.
But that said, large-scale layoffs are usually not a good sign. From a fundraising star to urgent downsizing, Sorare’s transformation has been swift.