Today news
About the same in other media
Ava Labs Cuts Staff by 12% to Reallocate Resources for ‘Growth’ – Here’s the Latest
Reading now: 391
Ava Labs, the team behind the Avalanche ( AVAX) blockchain, has confirmed a 12% reduction in its workforce citing the need to reallocate resources as the driving force behind the staff cuts.
Emin Gün Sirer, founder and CEO of Ava Labs, announced the news in a recent post on X (formerly Twitter) after several former employees revealed their layoffs on the social media platform.
Today we parted ways with some of our Ava Labs team members. We are no longer a 12 person startup, but we strive to capture the speed and energy of a small, nimble team.
This reduction in force affected 12% of Ava Labs, and allows us to reallocate resources to double down on the…
— Emin Gün Sirer
Read more on cryptonews.comAbout this in other media
Crypto Markets Chop as Reports Emerge That US DoJ Wants Over $4 Billion From Binance to Settle Yearlong Investigation – Here’s The Latest cryptonews.com /5 months ago
JPMorgan Explores Fund Tokenization for Personalized Portfolio Management cryptonews.com /5 months ago
Charlie Munger says there isn't the slightest chance Buffett traded own account to enrich himself cnbc.com /5 months ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
