Yuga Labs Reorganizes Company, Lays Off Some Team Members
Yuga Labs is reorganizing the company, which led to the layoff of some team members on Friday.Yuga Labs co-founder Greg Solano, who has taken over as the company's CEO since February, posted a memo announcing the company's reorganization on social media. Regarding the reorganization announcement, Solano said, "Today has been a very difficult day. I am determined to change Yuga and get us back to where we started, and that means making tough decisions. By far the hardest decision was saying goodbye to some talented team members." In the memo, Solano said, "Yuga Labs lost its way and will focus on building a smaller, more nimble, more crypto-native team."
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