2024

April

Yuga Labs, the company behind the popular NFT collectible, has <a href="https://twitter.com/CryptoGarga/status/1783890653744677245" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">announced</a> layoffs and other restructuring, according to CEO Greg Solano’s memo. The reorganization focuses on transforming the business strategy to prioritize the Otherside Metaverse over the previous broad approach.
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 gm, really tough day today. I am hellbent on transforming yuga and getting us back to our roots, and that means making hard decisions. by far the hardest is saying goodbye to some talented team members. here was my message to the team this morning. <a href="https://t.co/gBkoNf2iK3" target="_blank" data-wpel-link="external" rel="noopener noreferrer nofollow">pic.twitter.com/gBkoNf2iK3</a>— Garga.eth (Greg Solano) 🍌 (@CryptoGarga) <a href="https://twitter.com/CryptoGarga/status/1783890653744677245?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">April 26, 2024</a>
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In his memo, Susano said that the decision to remove moderate politics was also a part of the company’s creative first approach, which had been covered by the labyrinthine corporate processes. This approach was taken after a round of layoffs in October, and lately, announcing Faraway game developers to take the projects to web3. The layoffs are carried out to get rid of the unprofitable areas and redirect all resources toward the main, and successful, projects.
By selling some key expansions to Faraway and reorienting towards the Otherside gaming metaverse, Yuga Labs relies on its advanced interface to cater to the growing and competitive audience. The management considers the changes to be the right step towards staying at the top of the rank of digital assets and technologies evolution.
Also read:
<a href="https://www.cryptotimes.io/2024/04/27/yuga-labs-cuts-staff-to-focuses-on-small-crypto-native-team/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Yuga Labs Cuts Staff to Focuses on Small Crypto-Native Team</a>

Yuga Labs Announces Restructuring and Layoffs

The Crypto Times

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