Ava Labs lays off 12% of staff to ‘reallocate resources,’ CEO says

“This reduction in force affected 12% of Ava Labs…Bear markets are difficult to navigate,” Sirer wrote. “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.”

Emin Gün Sirer, founder and CEO of Ava Labs, said in a post on X that the staff cuts allow the firm “to reallocate resources to double down on the growth of our firm and the Avalanche ecosystem.”

“This reduction in force affected 12% of Ava Labs…Bear markets are difficult to navigate,” Sirer wrote. “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.”