Tag: Lay Off

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Ava Labs cuts 12% of staff to ‘reallocate resources’ toward expansion

November 7, 2023

Ava Labs CEO Emin Gün Sirer however stressed the firm is well-positioned with significant runway and resources at its disposal. Ava Labs, the team behind the Avalanche Blockchain, has confirmed it laid off 12% of its employees in a recent wave of staff cuts, citing the need to reallocate its resources. The firm’s founder and…
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Report: Pan-African Crypto Exchange Mara Lays Off Majority of Employees

June 9, 2023

African crypto exchange Mara has not only parted ways with a reported 85% of its staff but has cut the salaries of workers that have remained. Although Mara has cast the layoffs as an exercise which aims to remove redundant roles, former employees have said the startup’s ballooning marketing costs partly explain why it has…
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