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Nova Labs, the company behind the Helium Mobile cell network, undertook a significant round of layoffs at the end of August, three people with knowledge of the matter told Blockworks.
Nova Labs Chief Operating Officer Frank Mong confirmed to Blockworks that 36% of the company was let go.
One person familiar with the situation cast the layoffs as right-sizing the company to focus on Nova Labs’ core cellular business. A former employee estimated Nova Labs had around 105 employees at the time of the layoffs.
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“We experienced tremendous growth in our mobile network business. We saw an opportunity to focus more attention…
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