Ava Labs founder: This layoff affected 12% of the employees

2023-11-07 08:37:58

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ChainCatcher news, Ava Labs founder and CEO Emin Gün Sirer confirmed the news of company layoffs on social media, revealing that the layoffs affected 12% of Ava Labs' employees.

Emin Gün Sirer stated: "This allows us to reallocate resources to double down on the growth of our company and the Avalanche ecosystem. The bear market is tough to navigate, and Ava Labs is fortunate to have significant runway and resources, which we will concentrate in the coming years to advance the Avalanche ecosystem."

Previous news, Avalanche developer Ava Labs conducted large-scale layoffs on Monday, affecting multiple teams including communications and marketing. Ava Labs' growth and strategy vice president Garrison Yang stated on Twitter Monday afternoon that the layoffs impacted many people, especially employees in the company's marketing department.

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