Coin Edition -
- Ava Labs founder and CEO Emin Sirer announced that the company has laid off a number of its employees.
- The firm is downsizing from a 12-person start-up, affecting 12% of the workforce.
- OpenSea and Chainalysis have also laid off a significant part of their staff recently.
Earlier today, founder and CEO of Ava Labs, Emin Gun Sirer, confirmed via a post on X that the company laid off 12% of its workforce. He further added that Ava Labs is no longer a 12-person start-up, however, it aims “to capture the speed and energy of a small, nimble team.”
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