Yuga Labs, the company behind Bored Ape Yacht Club NFTs, is undergoing layoffs as part of a restructuring effort. CEO Greg 'Garga' Solano mentioned that the $4 billion NFT startup 'lost its way.' The layoffs aim to transition to a smaller and more agile team, reflecting a trend where fewer employees are needed to achieve revenue compared to 30 years ago.
A Thinking Ape has laid off employees across multiple departments including community management, software engineering, and game design. https://t.co/LUoePVuTFm https://t.co/f01kppjgiY
Yuga Labs Refocuses After Corporate Restructuring NFT news and key statistics summarized in 90 seconds every weekday on @NiftyNoonNFT 🧵⬇️: https://t.co/4mu6Z6Ya58
Yuga Labs Resumes Layoffs; CEO Says Web3 Platform ‘Lost Its Way’ #nfts #web3 #bayc https://t.co/NOe3EmN8vR
Much love to all affected by Yuga layoffs ❤️
Bored Ape Yacht Club creator Yuga Labs has announced a restructuring effort and layoffs, with CEO Greg "Garga" Solano writing that $4 billion NFT startup "lost its way." Click to read: https://t.co/yLBOkGaeu1
Yuga Labs after raising $450M: "we need to do a round of layoffs"
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 More with less
Yuga Labs ‘Lost Its Way’ Says CEO as Bored Ape NFT Maker Reveals Layoffs ► https://t.co/Nmo8LalZdL https://t.co/Nmo8LalZdL
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
From what I've heard about yuga, this had to happen. Multiple people have told me literally nobody works and everyone is just trying to not get fired. Big corporation vibes without big corporation revenue. https://t.co/M3Kf0O7Nvp
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