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· Emin Gün Sirer confirms Ava Labs has cut 12 percent of its staff

Emin Gün Sirer Cuts 12 Percent of Ava Labs Staff

Ava Labs founder and CEO Emin Gün Sirer confirmed a 12 percent staff cut on November 7, 2023, calling it a move to double down on growth.

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Emin Gün Sirer on a MoneyConf stage on June 12, 2018
Emin Gün Sirer on a MoneyConf stage on June 12, 2018. Photo: MoneyConf / Wikimedia Commons, CC BY 2.0

Emin Gün Sirer confirmed the cuts on November 7, 2023. Ava Labs had parted ways with 12 percent of its staff, he wrote on X, in a move that would let the company “reallocate resources to double down on the growth of our firm and the Avalanche ecosystem.” Decrypt had already reported the layoffs a day earlier, on November 6, after multiple employees said on social media that they had lost their jobs. Sirer's post left departments and individuals unnamed. Ava Labs' vice president of growth and strategy, Garrison Yang , had filled in one piece in a post on November 6: the cuts had reached "many people" in the marketing division.

Cite this piece

Ryan Elliott Dennis, "Emin Gün Sirer Cuts 12 Percent of Ava Labs Staff," CryptoLately, Nov 7, 2023, https://cryptolately.com/articles/ava-labs-layoffs-and-reallocation-2023

Tags: layoffs · Avalanche · crypto bear market · reallocation

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