Yuga Labs, the company behind popular NFT projects, has announced a significant restructuring plan under the leadership of CEO Greg Solano and co-founder CryptoGarga. The restructuring includes layoffs as part of the strategy to create a smaller, more agile team. Solano emphasized the need to return to the company's crypto-native roots and improve its competitive position, describing the current phase as 'hard mode' but expressing confidence in putting Yuga Labs back on top. This decision reflects broader industry trends where companies are operating with leaner teams to achieve similar revenue levels as in the past.
Yuga Labs will restructure, expecting to result in team members' layoffs https://t.co/9ZTxsIxjHE
The Yuga layoff sucks for those impacted but a smaller + agile team is the future S&P 500 total number of employees to total revenue ratio is on a heavy decline It takes less staff today to achieve $1M in revenue than it did 30 years ago Teams today do more with less
The Yuga layoff sucks for those impacted but a smaller + agile team is the future S&P 500 total number of employees to total revenues ratio is on a heavy decline It takes less staff today as to achieve $1M in revenue than it did 30 years ago Teams today do more with less
The Yuga layoff sucks but a smaller + agile team is the future S&P 500 total number of employees to total revenues ratio is on a heavy decline It takes less staff today as to achieve $1M in revenue than it did 30 years ago Teams today more with less
The Yuga layoff sucks but a smaller + agile team is the future S&P 500 total number of employees to total revenues ratio is on a heavy decline It takes less staff today as to achieve $1M in revenue than it did 30 years ago Teams today do less with more
Yuga’s layoffs suck but a smaller + agile team is the way of the future in business It takes less staff today as to achieve $1M in revenue than it did 30 years ago
Yuga’s layoffs suck but a smaller + agile team is the way of the future in business It takes less staff today as to achieve $1M in revenue than it did 30 years ago Adapt or die https://t.co/CfJfRHuRED
I love a good copy pasta like any other Ape but please don’t dunk on the community members/ friends who were actually just laid off.
YUGA LABS RESTRUCTURES, FOCUSES ON CRYPTO-NATIVE TEAM - @YugaLabs underwent restructuring, resulting in the dismissal of some team members, as CEO Greg Solano aims to refocus the company on its crypto-native roots. - Solano emphasized the need to return to the company's core… https://t.co/n14rOuq1xv https://t.co/vJeTXC73tn
JUST IN: @YUGALABS CO-FOUNDER ANNOUNCES COMPANY RESTRUCTURING, SAYS THEY ARE IN "HARD MODE" AND PLANS TO PUT THEM BACK ON TOP
I was just laid off from @yugalabs I was the guy that insisted that everyone enjoys lazy copy pasta engagement.
BREAKING: @CryptoGarga SAYS THAT @yugalabs HAS LOST ITS WAY - ANNOUNCES COMPANY RESTRUCTURING, LETS GO OF SOME TEAM MEMBERS https://t.co/RWud5dXl4Z
NEWS: @CryptoGarga announces Yuga Labs layoffs https://t.co/IWX1XZrXJh
I was just laid off from @yugalabs I was the guy who told them that Garga wouldn’t make the best god damn CEO in web3.