2024

Legends

Dash

Yuga Labs will&nbsp;restructure, expecting to result in team members’ layoffs. 
Company Co-Founder and CEO Greg Solano presented a company memo announcing the restructuring. In his statement, he called today&nbsp;“tough.” 
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 https://twitter.com/CryptoGarga/status/1783890653744677245 
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<blockquote class="wp-block-quote"> 
 “I&nbsp;am hellbent on transforming Yuga and getting us back to our roots,&nbsp;and that&nbsp;means making hard decisions.” <cite>Greg Solano, Yuga Labs Co-Founder and CEO</cite>
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In a message to the team, Solano noted that <a href="https://crypto.news/tag/Yuga-Labs/" rel="">Yuga Labs</a> had lost its way and that it intends to create a smaller, more flexible, and crypto-focused team with the restructuring. 
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 “The creative-first spirit that dove this company from inception has been&nbsp;getting&nbsp;muddied by labyrinthine corporate processes. We work hard&nbsp;and&nbsp;we&nbsp;care&nbsp;but&nbsp;somehow end up with groups and committees. We plan more than we ship.” <cite>Greg Solano, Yuga Labs Co-Founder and CEO</cite>
</blockquote> 
Solano noted that some of the&nbsp;company’s&nbsp;plans have already begun to&nbsp;be implemented.&nbsp;Yuga’s&nbsp;CEO stated that Farawaygg, the <a href="https://crypto.news/tag/Web3/" target="_blank" rel="">web3</a> game development firm that Yuga used to develop its Dookey Dash game and which recently&nbsp;acquired web3 games HV-MTL and Legends of the Mara, will allow Yuga to focus on&nbsp;creating&nbsp;3D Otherside games. 
On Feb. 21, Solano <a href="https://crypto.news/greg-solano-ceo-yuga-labs/" target="_blank" rel="">thanked</a>&nbsp;former Yuga CEO&nbsp;Daniel&nbsp;Alegre and announced that he would take over his post. In the message, he added that he is “reinvigorated to be taking the reins for our next chapter”&nbsp;in the&nbsp;startup’s&nbsp;story. 
In October 2023, Yuga Labs <a href="https://crypto.news/yuga-labs-restructuring-leads-to-layoffs-at-the-company/" rel="">announced</a> it was laying off employees from its U.S. team as part of a broader restructuring. The company decided to focus its force on developing Otherside, a gaming <a href="https://crypto.news/tag/metaverse/" target="_blank" rel="">metaverse</a>. 
 You might also like: <a href="https://crypto.news/ripps-cahen-9-million-penalty-bayc-copyright-lawsuit/" rel=""> Artists face $9m penalty in Yuga Labs, Bored Ape copyright lawsuit </a>

Yuga Labs CEO announces layoffs, focusing on ‘getting back to roots’

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