Helium Mobile’s parent company cut nearly 40% of staff in August

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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