Yuga Labs, led by CEO Daniel Alegre, is undergoing significant changes as part of a company-wide restructuring. Alegre, in a Friday memo and blog post, announced a reduction in the workforce, acknowledging the impact on certain roles within the organization.
“Yuga Labs is announcing a restructuring that will better focus our team on our core priorities. While certain roles have been impacted, these changes are necessary to evolve as an organization,” Yuga Labs said in an X post.
CEO Daniel Alegre in a lengthy blog post discussed the background and the future plans that necessitated the reduction in headcount.
“After a recent period of thoughtful consideration, I have decided that we need to restructure the Yuga Labs teams. The implication of these changes is that a number of roles have been eliminated across the company, impacting some of your colleagues,” he stated.
Navigating a challenging period, not just within our industry but on a global economic scale, demands our unwavering focus on core strengths. Amidst the restructuring, we remain dedicated to crafting distinctive and captivating experiences for the wider Yuga audience. The changes announced today primarily affect our U.S. team members, and we are diligently assessing the implications for our international teams, Alegre elaborated.
