Cardano Developer IOG Restructures to Venture Studio Model, Lays Off Some Staff

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Cardano Developer IOG Restructures to Venture Studio Model, Lays Off Some Staff
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SCOOP: Cardano builder InputOutputHK has laid off some of its staff as it restructures into a 'venture studio' with a smaller business core. LizKNapolitano reports

Cardano developer Input Output Global has laid off an unspecified number of employees as the company restructures into a “venture studio” with a smaller core business model, IOG and Cardano co-founder Charles Hoskinson told CoinDesk.

He added, “As we move into this new business model, we’ve consolidated and eliminated groups that are redundant or not relevant to the new model.”

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