Yuga Labs Announces Layoffs, Refocuses on Core Strengths

Yuga Labs, the innovative force behind the Bored Ape Yacht Club and CryptoPunks announced a series of layoffs impacting its US teams. CEO Daniel Alegre communicated the news to the staff, highlighting the move’s necessity amidst trying global economic conditions. Consequently, the company is navigating through these challenging times by focusing on its core strengths and ensuring the sustainability of its operations. Moreover, the exact number of affected employees remains undisclosed, maintaining a shroud of privacy over the internal adjustments.