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News Explorer — Bored Ape Startup Yuga Labs Reveals Layoffs Amid Restructuring

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Oct 6, 3:53 pm
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Bored Ape Startup Yuga Labs Reveals Layoffs Amid Restructuring

Yuga Labs, the $4 billion NFT startup behind the Bored Ape Yacht Club, has announced a company restructuring that includes layoffs. CEO Daniel Alegre stated that the company had taken on too much internally and needed to refocus while partnering with external entities. The restructuring currently affects only US-based employees, and the company is evaluating its international teams.

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