The creators of the wildly popular Bored Ape Yacht Club are facing a harsh reality check. Yuga Labs, the company behind the cartoon ape NFTs, is undergoing another restructuring – this time with layoffs and a renewed focus on its ambitious metaverse project, Otherside.

CEO Greg Solano took the helm just two months ago, and it seems he wasn't impressed with what he found. In a message to employees (and, rather boldly, the world), Solano lamented that Yuga had strayed from its creative roots. "Labyrinthine corporate processes" were stifling innovation, he said, with "too much planning and not enough shipping." Ouch.

Solano's plan to get Yuga back on track involves a few key moves. First, some streamlining – they've spun off a portion of the business, including their gaming arm, to a collaborator. Second, a renewed focus on their metaverse project, Otherside. This virtual world seems to be Yuga's big bet for the future, aiming to capitalize on the booming metaverse trend.

The news wasn't all sunshine and rainbows for Yuga employees, though. Layoffs were announced, leaving some feeling understandably sour. However, the crypto community's reaction was mixed. While some expressed support for Solano's vision, others couldn't resist a bit of trolling. One particularly scathing post claimed to be from a laid-off Discord moderator whose job involved defending Yuga from criticism – for a hefty salary and minimal workload.

This isn't Yuga Labs' first rodeo with restructuring. They faced similar challenges last October. The NFT market, which once propelled them to dizzying heights, seems to be in flux. Whether Yuga's revamped strategy and metaverse focus will be enough to weather the storm remains to be seen.