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Yuga Labs, the company behind popular NFT projects, has announced a significant restructuring plan under the leadership of CEO Greg Solano and co-founder CryptoGarga. The restructuring includes layoffs as part of the strategy to create a smaller, more agile team. Solano emphasized the need to return to the company's crypto-native roots and improve its competitive position, describing the current phase as 'hard mode' but expressing confidence in putting Yuga Labs back on top. This decision reflects broader industry trends where companies are operating with leaner teams to achieve similar revenue levels as in the past.
Yuga Labs will restructure, expecting to result in team members' layoffs https://t.co/9ZTxsIxjHE
The Yuga layoff sucks for those impacted but a smaller + agile team is the future S&P 500 total number of employees to total revenue ratio is on a heavy decline It takes less staff today to achieve $1M in revenue than it did 30 years ago Teams today do more with less
The Yuga layoff sucks for those impacted but a smaller + agile team is the future S&P 500 total number of employees to total revenues ratio is on a heavy decline It takes less staff today as to achieve $1M in revenue than it did 30 years ago Teams today do more with less
