Wu Blockchain (@WuBlockchain): Sandmark: Pump fun Reportedly Laid Off Staff Ahead of PUMP Token Vesting

Sandmark: Pump fun Reportedly Laid Off Staff Ahead of PUMP Token Vesting According to a report by Sandmark, Pump fun laid off employees in early April, two months before their PUMP token vesting date. At least one former employee forfeited a token allocation worth more than $1 million. Pump fun co-founder Noah Tweedale told staff during an internal meeting that the company had “expanded too quickly.” Former employees claimed that the platform conducted another round of layoffs in mid-July, bringing the total number of job cuts over two months to more than 40. Sandmark could not independently verify the figure, and Pump fun’s co-founders did not respond to requests for comment.