The CEO of Yuga Labs declares that the company “has lost its direction”, while the NFT producer Bored Ape announces numerous layoffs.
The company behind the Bored Ape Yacht Club, Yuga Labs, is undergoing a restructuring with the goal of returning to the simpler and more fragmented structure of its early days.
Let’s see below all the details.
Yuga Labs aims to return to its roots with a smaller and more fragmented approach
As anticipated, Yuga Labs, the creator of the Bored Ape Yacht Club, has continued its recent process of change by announcing a new restructuring that will include new layoffs after a previous wave that occurred in October.
Greg “Garga” Solano, co-founder of Yuga Labs who returned to the role of CEO in February, announced the news via Twitter on Friday, sharing screenshots of a Slack message sent to the team:
“I owe everyone a sincere and transparent explanation of what led to this decision. In short, Yuga has lost his way.”
Solano
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