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CoinDesk report: On April 26, 2024, Yuga Labs, the metaverse gaming company, announced layoffs. CEO Greg Solano informed employees via email that the company would undergo restructuring. Since 2021, Yuga Labs has achieved significant growth, but Solano believes that the company has deviated from its original path and that internal processes have become too complex. The exact number of layoffs has not been disclosed. A previous restructuring in October resulted in the company having over 120 employees. Solano assumed the role of CEO in February, and he promised to refocus the company on blockchain-based strategies. Yuga Labs' popular NFT projects include Bored Apes Yacht Club, Mutant Ape Yacht Club, and CryptoPunks.

