Avalanche’s Ava Labs cuts 12% of its workforce

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Ava Labs, the main developer of the Avalanche blockchain, has laid off 12% of its employees.

Ava Labs founder and CEO Emin Gün Sirer said in a report postal on

“This round of layoffs affects 12% of Ava Labs’ employees…A bear market is difficult to navigate. Ava Labs is fortunate to have significant runway and resources at its disposal, which we will focus on growing the Avalanche ecosystem over the coming years.”

Sirer did not specify which parts of the company would have to lay off employees, but Ava Labs vice president of strategy and growth Garrison Yang said in a LinkedIn post today. That The company has laid off employees from its marketing team.

“Today is the last day at Ava Labs for many of us on our world-class marketing team. These are the people who have taken Avalanche’s gaming brand from zero to leader in less than a year… They have helped Avalanche overcome Industry turmoil, bear markets and countless other challenges.”

The layoffs come after the company said last month it had hired two employees (Polygon and OKX) – the company’s first full-time employees of Indian origin – to grow its India operations.

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Anne

According to “Block”



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