Ava Labs, the blockchain-development firm behind the Avalanche blockchain, laid off 12% of it team, founder, Emin Gun Sirer said on X Monday.
"Today we parted ways with some of our Ava Labs team members," said Sirer. He said Ava Labs is no longer a 12-person startup, but will "strive to maintain to capture the speed and energy of a small, nimble team."
Sirer highlighted Ava Labs is "fortunate to have significant runway and resources at our disposal, and we will be focusing those resources on advancing the Avalanche ecosystem for years to come."
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