[a16z Lays Off Most of Portfolio Recruitment Team, Remaining Staff to Be Reassigned to Crypto and Other Divisions] Odaily Planet Daily reports, according to multiple sources, venture capital firm a16z has laid off most of its portfolio recruitment team. The team originally consisted of 34 members and was primarily responsible for providing talent acquisition support to portfolio companies. Reports indicate that a16z plans to reassign the remaining members of the 'Full Stack Talent' team to specialized investment divisions such as growth investments and cryptocurrency. Each division will form its own team based on its specific needs, no longer relying on a centralized recruitment team. Currently, all members of the team are still listed on the a16z official website. An a16z spokesperson declined to comment. (Axios)