--- title: "Yuga Labs ‘Lost Its Way’ Says CEO as Bored Ape NFT Maker Reveals Layoffs" url: https://daily.dev/posts/yuga-labs-lost-its-way-says-ceo-as-bored-ape-nft-maker-reveals-layoffs-pafdizwrd source_url: https://decrypt.co/228336/yuga-labs-lost-way-says-ceo-bored-ape-nft-layoffs type: article source: "Community Picks" published: 2024-04-28T06:14:18.431Z updated: 2024-05-09T09:30:38.138Z tags: ["crypto", "metaverse"] reading_time: 4 upvotes: 2 comments: 5 language: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Yuga Labs ‘Lost Its Way’ Says CEO as Bored Ape NFT Maker Reveals Layoffs **[Community Picks](https://daily.dev/sources/community)** · 4 min read · 2 upvotes · 5 comments ## Summary Yuga Labs, the creator of Bored Ape NFTs, announced a restructuring initiative that includes layoffs. The company has faced challenges in the Bored Ape ecosystem and the price of its ApeCoin has plummeted. Yuga Labs plans to refocus and streamline its operations. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Community discussion Top comments from developers on daily.dev. **@ajdinmasic** · 1 upvotes > Man it's been really long time since I've heard anything NFT's. I honestly thought the ecosystem was dead. Is it still going? **@ghost** · 0 upvotes > Felt like this whole NFT verse is just dying, went in projects with so much hype and with a good community to only plummet after a few days. Got me scared going in this again after what I saw, rather wait a really long time and see the NFT verse spike up again before doing anything lol. Just gonna be a guaranteed loss at this point **@gagansuie** · 0 upvotes > not surprising. no innovation and nobody driving hype in this economy. crypto is down bad, why people throw money into bot hype? ## Similar posts on daily.dev - [Don’t just attend KubeCon \+ CloudNativeCon, Merge Forward your experience\!](https://daily.dev/posts/don-t-just-attend-kubecon-cloudnativecon-merge-forward-your-experience--l0rpp73x8) · CNCF · 0 upvotes · 0 comments - [Announcing H2 2026 KCDs](https://daily.dev/posts/announcing-h2-2026-kcds-m96goajm1) · CNCF · 1 upvotes · 0 comments - [Two months of Open Community Groups](https://daily.dev/posts/two-months-of-open-community-groups-asf52zhbs) · CNCF · 0 upvotes · 0 comments --- Tags: [#crypto](https://daily.dev/tags/crypto), [#metaverse](https://daily.dev/tags/metaverse) [View this post on daily.dev](https://daily.dev/posts/yuga-labs-lost-its-way-says-ceo-as-bored-ape-nft-maker-reveals-layoffs-pafdizwrd)