Fuel Labs has decided to reduce its workforce by approximately 30% due to market challenges. According to the company's CEO Nick Sway, this is part of a strategy to enhance the company's focus, execution, and future plans.

The company has also implemented some supportive measures for the affected employees, such as:

Providing additional compensation beyond the contract

Facilitating contact with relevant organizations for new job opportunities

Offering assistance from some recruiting firms

This decision has been made in light of the ongoing difficult conditions in the market and the company's long-term strategy.