Ava Labs, the developer of Avalanche (AVAX), one of the largest altcoins, has cut its staff by 12%.
According to the statement made by Ava Labs CEO Emin Gün Sirer, thanks to the cut in the number of employees “They will be able to allocate resources to work harder for the growth of the company and the Avalanche ecosystem.”
Emin Gün Sirer, “bear markets” Stating that these are difficult times, “Ava Labs is fortunate to have a significant amount of resources under its management, and we will dedicate these resources to developing the Avalanche ecosystem for years to come.” said.
Although Ava Labs CEO did not say which department employees were affected by the decision, Ava Labs’ Vice President of Growth and Strategy, Garrison Yang, specifically in the marketing department announced that the employees left the company.
Ava Labs added two people from Polygon and OKX to its staff last month to strengthen its position in the Indian market.