The firm's CEO Greg Solano said Yuga Labs 'lost its way' and is focusing on building a smaller crypto-native team.
The web3 giant Yuga Labs is restructuring the firm, which required cutting some team members Friday.
"Really tough day today," Solano said regarding the restructuring announcement. "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." “I’ve had to take real stock of where the company is at while at the helm these last two months,” Solano said. “The creative-first spirit that dove this company from inception has been getting muddied by labyrinthine corporate processes. We work hard and we care but somehow end up with groups and committees. We plan more than we ship.”
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