https://web3isgoinggreat.com/single/bored-apes-yuga-labs-lays-off-employees

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[layoffs]
October 6, 2023

     
  *  

Bored Apes' Yuga Labs lays off employees

A sad-looking ape with dark grey fur, wearing a yellow rain cap and a
striped shirtBAYC #5262 (attribution)
Even the best known NFT brand can't escape the effects of a
collapsing industry. Yuga Labs, the company behind the blue-chip
Bored Apes NFTs and related collections, and the acquirers of
collections including CryptoPunks, has announced that it will be
joining the many other companies in the crypto world performing
layoffs. They did not disclose how many employees would be losing
their jobs.

"It's a challenging time, not only for our industry but also for the
global economy," wrote Yuga Labs CEO, apparently hoping that people
ignorant to the past year of disaster across the NFT industry might
be willing to attribute Yuga Labs' struggles to macroeconomic forces
and not the implosion of the crypto -- and particularly NFT -- world.

  * "Bored Ape Yacht Club NFT Creator Yuga Labs Confirms Layoffs",
    Decrypt [archive]

Theme tags: Layoffs
Blockchain tags: Blockchain: Ethereum
Tech tags: NFT

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