<ul class="news-points">
 <li><strong>Ava Labs founder and CEO Emin Sirer announced that the company has laid off a number of its employees.</strong></li>
 <li><strong>The firm is downsizing from a 12-person start-up, affecting 12% of the workforce.</strong></li>
 <li><strong>OpenSea and Chainalysis have also laid off a significant part of their staff recently.</strong></li>
</ul>
<p>Earlier today, founder and CEO of Ava Labs, Emin Gun Sirer, confirmed via a post on X that the company laid off 12% of its workforce. He further added that Ava Labs is no longer a 12-person start-up, however, it aims “to capture the speed and energy of a small, nimble team.”</p>
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   <p lang="en" dir="ltr">Today we parted ways with some of our Ava Labs team members. We are no longer a 12 person startup, but we strive to capture the speed and energy of a small, nimble team.<br><br>This reduction in force affected 12% of Ava Labs, and allows us to reallocate resources to double down on the…</p>— Emin Gün Sirer <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f53a.png" alt="🔺" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@el33th4xor) <a href="https://twitter.com/el33th4xor/status/1721684964389900415?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 7, 2023</a>
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<p>Sirer also mentioned the downsizing has enabled the firm to “reallocate” resources to focus on expanding Ava Labs and growing the Avalanche ecosystem. He expressed his gratitude to “everyone who contributed” to the project and further noted,</p>
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 <p>“Bear markets are difficult to nav…</p>
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<p>The post <a href="https://coinedition.com/ava-labs-founder-ceo-announces-layoff-affecting-12-of-workforce/" rel="noopener noreferrer nofollow">Ava Labs Founder &amp; CEO Announces Layoff, Affecting 12% Of Workforce</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Ava Labs Founder & CEO Announces Layoff, Affecting 12% Of Workforce

Coin Edition

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