NFTs creator Yuga Labs joins crypto sector layoffs spree amid challenges
Crypto industry sees string of layoffs, including Ledger, Moonbirds, and Yield Protocol
Source: livemint.com
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NFT Startup Yuga Labs Is Laying Off U.S. Employees Amid Its Ongoing Pivot to a Gaming Metaverse
Yuga Labs, the company behind Bored Ape Yacht Club, says it has been stretched too thin and will refocus on gaming.
Source: artnet.com
NFT creator Yuga Labs confirms layoffs as sector value plummets
Yuga Labs reached a $4bn valuation last year amid the hype surrounding the NFT market, but a recent report suggests this sector has crashed.
Source: siliconrepublic.com
Yuga Labs, Ledger Lay Off Staff, Citing 'Macroeconomic Headwinds' And 'Restructuring'
A report said that more than 173,939 workers at U.S.-based tech companies have been laid off in mass job cuts so far in 2023.
Source: ibtimes.com