Avalanche developer Ava Labs announced large-scale layoffs in departments such as marketing

2023-11-07 08:15:30

Collection

ChainCatcher news, according to Decrypt, Avalanche developer Ava Labs conducted a large-scale layoff on Monday, affecting multiple teams including communications and marketing. Garrison Yang, Ava Labs' Vice President of Growth and Strategy, stated on Twitter Monday afternoon that the layoffs impacted many people, particularly employees in the company's marketing department.

It is still unclear whether the layoffs on Monday affected the company's technical team, but reports indicate that the layoffs were widespread, leaving many employees surprised in the current brutal cryptocurrency bear market. On social media, a former member of the Ava gaming marketing team expressed that he believes the layoffs on Monday are part of a broader restructuring strategy for the company.

Previous news reported that the NFT market OpenSea also underwent a similar restructuring, confirming a reduction of about 50% of its workforce.

(Source Link)

Related tags

Ava Labs AAVE layoffs

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.