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Sorare suddenly lays off 35% of staff: CTO steps down, CEO promises to turn a profit by 2026

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[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.

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faded_wojak.ethvip
· 19h ago
Another round of layoffs again? Web3 really can't handle it this time. --- CTO steps down, CEO promises big things for 2026... I'm way too familiar with this routine. --- Is Sorare still alive? I totally forgot about it. --- Even selling Pikachu trading cards requires laying off a third of the staff—this business model is really something else. --- 35 people are gone, how are the rest supposed to manage... The pressure must be overwhelming. --- The co-founder directly exposed internal documents on social media—how bad does management have to be? --- Turning a profit by 2026? Dude, it's already 2025—this promise sounds pretty shaky.
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ChainWanderingPoetvip
· 19h ago
Laying off 35% and still daring to promise profitability by 2026... These two founders are really bold. --- Yet another "we'll be back" story, just watching it is exhausting. --- The signal of Hycan stepping down from operations, how desperate do you have to be to do this? --- Sorare's latest moves feel like they're writing a suspense novel. --- That's just how the fantasy sports track is—when the money runs out, the layoffs begin. --- Even the CTO is stepping down, just how bad is this company's culture... --- 35 people laid off at once, internal leaks... Is Sorare filming a drama? --- Wait, the CEO is still there? Then who's going to take the fall for the 2026 target? --- A team of one hundred, cutting a third—that's ruthless. --- Get ready for the show, everyone, another Web3 plot twist is coming.
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BoredApeResistancevip
· 19h ago
Huh, another project is laying off staff. It's tough for everyone these days. Even the CTO has stepped down—what does that tell you... not a good sign. Turning a profit by 2026? Can we really wait that long? Isn't the fantasy sports sector supposed to be hot? Why are they still cutting people? How did this internal document even get leaked? Management seems a bit chaotic. A third of the people are leaving—the pressure on those who remain must be huge... By the way, the CEO is still so confident about turning things around. Is he really optimistic or just saying what people want to hear?
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AirdropHustlervip
· 19h ago
35% layoffs... This is the current state of Web3 fantasy sports. By the way, Sorare used to hype itself up so much back then. Even the CTO has stepped down, feels like it's going downhill. Turning a profit by 2026? Let's see if they can survive until then.
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