Yuga Labs co-founder Greg Solano says the company behind the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) is trimming down its workforce.
In a message to employees shared on the social media platform X, Solano says Yuga Labs will have to lay off some of its employees amid plans to make changes in the company.
“Over the past two months, I’ve been determined to change both what we do and how we do it, and that means making some very hard, strategic decisions. Unfortunately, this includes a restructuring and some roles within the company are affected.”
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Solano also explains what prompted the decision to restructure the company and operate with fewer people.
“To put it simply: Yuga lost its way. Getting ourselves centered and
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