Ava Labs Confirms Layoffs, Affecting 12% of Avalanche Studio's Employees - Decrypt
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Ava Labs Confirms Layoffs, Affecting 12% of Avalanche Studio's Employees
The Ava Labs cuts, which occurred Monday, have reportedly impacted numerous teams including communications and marketing. Crypto startup Ava Labs, which supports the Avalanche blockchain network, laid off a substantial portion
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Crypto startup Ava Labs, which supports the Avalanche blockchain network, has laid off 12% of its employees, affecting various teams including communications and marketing. The layoffs are aimed at reallocating resources to focus on the growth of the company and the Avalanche ecosystem. Ava Labs founder and CEO Emin Gün Sirer stated that the company is fortunate to have significant resources and will be using them to advance the ecosystem in the coming years.
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- Ava Labs Confirms Layoffs, Affecting 12% of Avalanche Studio's Employees The Ava Labs cuts, which occurred Monday, have reportedly impacted numerous teams including communications and marketing.
- Crypto startup Ava Labs, which supports the Avalanche blockchain network, laid off a substantial portion of its workforce Monday, multiple impacted employees confirmed with Decrypt.
- Following the initial publication of this article, Ava Labs founder and CEO Emin Gün Sirer tweeted that the company had parted ways with 12% of its employees, which will allow the firm to "reallocate resources to double down on the growth of our firm and the Avalanche ecosystem." "Bear markets are difficult to navigate," he added. "Ava Labs is for...
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