YUGA LABS Restructures and Lays Off Staff to Focus on Smaller Crypto Teams

YUGA LABS is undergoing a restructuring, which resulted in the layoff of some team members on Friday. Co-founder of YUGA LABS, GREG SOLANO, posted a memo about the company's restructuring on Twitter. SOLANO stated, "Today has been a very difficult day. I am determined to change YUGA and bring us back to our original purpose, which means making tough decisions. So far, the hardest decision has been saying goodbye to some talented team members." SOLANO mentioned, "YUGA LABS has lost its direction and will now focus on building a smaller, more agile, and more crypto-native team." (THEBLOCK)