Odaily News Yuga Labs is restructuring the company, which resulted in the layoffs of some team members on Friday. Yuga Labs co-founder Greg Solano, who has been the company's CEO since February, posted a memo on social media announcing the company's restructuring. Regarding the restructuring announcement, Solano said: "Today is a very difficult day. I am determined to change Yuga and get us back to our original intentions, which means making difficult decisions. By far the hardest decision has been to say goodbye to some talented team members." In the memo, Solano said that Yuga Labs "lost its way" and will focus on building "a smaller, more flexible, and more crypto-native team." (The Block)