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Yuga Labs restructured the company and laid off some team members

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2024-04-26 18:24:15
Yuga Labs is restructuring the company, which led to the layoffs of some team members on Friday. Greg Solano, co-founder of Yuga Labs, has posted a memo on social media announcing the company's restructuring since taking over as CEO in February. "Today is a very difficult day," Solano said of the restructuring announcement. "I am determined to change Yuga and get us back to where we started, and that means making difficult decisions. The hardest decision so far has been to say goodbye to some talented team members."
In the memo, Solano said, "Yuga Labs has lost its way and will focus on building a smaller, more flexible, and more crypto-native team."
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