The staff cuts allow the Avalanche blockchain developer to 'reallocate resources to double down on growth,' its founder Emin Gün Sirer said.
Ava Labs, the main developer of the Avalanche blockchain, laid off 12% of its workforce, its chief said today.
“This reduction in force affected 12% of Ava Labs…Bear markets are difficult to navigate,” Sirer wrote. “Ava Labs is fortunate to have significant runway and resources at our disposal, and we will be focusing those resources on advancing the Avalanche ecosystem for years to come.”
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