Ape Foundation Transparency Report - 2024 - Q1
In any financial setting, when low on funds you take steps to extend the financial runway. And that means, cutting staff, projects etc. This is standard practice. Even Yuga - with over $450M to burn -did two rounds of layoffs for specifically those reasons.
Just because you were planning to run for a position doesn’t change the DAO’s financial situation. Regardless, at the end of the day, it’s up to the DAO to make the final determination.
ps. This particular WG - which predates the Banana Bill - has no plausible reason to exist.