By Vince • April 27, 2024 11:19 pm •
Yuga Labs, the developer of the Bored Ape Yacht Club (BAYC) NFT collection, is reportedly facing internal trouble at the company.
In an attempt to get the company back on track, the CEO of Yuga Labs has announced new sweeping layoffs to the crypto firm.
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The company will reportedly re-focus its efforts on gaming until further notice. Yuga Labs CEO Greg Solano told employees via email on Friday:
“Good morning, 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.”
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