STEPN denies claims of layoffs

Move-to-earn gaming company STEPN (GMT) on Oct. 13 denied claims of laying off staff. News about STEPN layoffs was published on Oct. 12 by the Twitter account Wu Blockchain, which cited community sources. The information claimed that STEPN would lay off over 100 of its staff.

In addition to reporting an upcoming firing spree from STEPN, Wu Blockchain claimed that STEPN’s parent company, Find Satoshi Lab, would reduce investments in STEPN. Citing the same community sources, Wu Blockchain said Find Satoshi Lab would re-direct its investments on STEPN to promoting itself and upcoming new projects, like its new NFT exchange platform. The STEPN spokesperson didn’t make any comments on whether this information was accurate or not.

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