Ava Labs Founder & CEO Announces Layoff, Affecting 12% Of Workforce

Published 07/11/2023, 14:38
Updated 07/11/2023, 14:45
© Reuters.  Ava Labs Founder & CEO Announces Layoff, Affecting 12% Of Workforce

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  • 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.”

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