Ava Labs reduced its workforce by 12%
Ava Labs, the developer of the Avalanche blockchain, said it has laid off 12% of its employees due to the bearish trend in the cryptocurrency market. This will help the company allocate its resources more intelligently. Ava Labs founder and CEO Emin Gün Sirer said that the company’s staff reduction will allow it to direct the necessary resources to develop the Avalanche ecosystem. “Bear markets are difficult to navigate. We are fortunate to have the…
