<ul><li>Yuga Labs, creator of the Bored Ape Yacht Club (BAYC) NFT collection, has announced a company restructuring and layoff.</li><li>The CEO, Greg Solano, stated that the company has 'lost its way' and will focus on getting back on track.</li><li>The restructuring includes the spinout of HV-MTL and Legends of the Mara and additional plans will be announced soon.</li><li>Yuga Labs has hired Won Kim as the Head of Brand Partnerships to forge strong connections for the company.</li></ul>

Yuga Labs Announces Another Company Restructuring And Layoff In 6 Months

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