Crypto Hiring: Yuga Labs resumes layoffs, CEO says company ‘lost its way’

Less than seven months after its last round of layoffs, Web3 gaming and NFT company Yuga Labs cut more roles Friday. It was not clear how many staff were affected by the layoffs. 

“To put it simply: Yuga lost its way. Getting ourselves centered and on the right path means being a smaller, more agile and cryptonative team,” CEO Greg Solano wrote in a Slack message that he then screenshotted and posted on X to announce the restructuring. 

Read more: Yuga’s Greg Solano resumes role as CEO, pledges stronger ‘cryptonative’ focus

Crypto-nativity was one of Solano’s pledges when he took over as CEO in February. Solano was a Yuga Labs co-founder who took back the reins from former…

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