“This reduction in force affected 12% of Ava Labs, and allows us to reallocate resources to double down on the growth of our firm and the Avalanche ecosystem,” said the New York-based company’s founder and CEO Emin Gun Sirer on X, formerly known as Twitter, on Tuesday.
Ava Labs’ decision comes after OpenSea, a platform for non fungible tokens, said on Saturday it laid off staff as the company seeks to remain “nimble” and “focused.”
A $1.5 ...
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