Sky Mavis, the web3 gaming firm behind Axie Infinity, laid off 21% of its workforce last week. The web3 firm’s co-founder and CEO Trung Nguyen said on X on Saturday that the layoffs were not related to the company’s budget or financial health. Story continues below “Instead, it is a strategic move that allows for...

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Axie Infinity Creator Cuts 21% of Staff Despite Year of ‘Valuable Growth'

Sky Mavis co-founder and CEO Trung Nguyen said resources freed up from the layoffs will be used in a new Axie Infinity game and other projects.

Cointelegraph

Sky Mavis lays off 21% of workforce, plans new Axie Infinity game

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The layoff reflects a strategic move to focus on its projects, including a new Axie Infinity game, according to its CEO.

CryptoPanic

Axie Infinity game developer Sky Mavis lays off 21% of workforce

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Sky Mavis, the developer behind the popular blockchain game Axie Infinity, is undergoing significant structural changes by laying off 21% of its workforce. This strategic decision reflects the company’s intent […]

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CoinStats - Sky Mavis Lays Off 21% of Workforce to Priori...

Sky Mavis, the creator of the popular Axie Infinity, announces significant layoffs, reallocating resources towards new game development and strategic initiatives. In a move that underscores a shift in focus,

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Sky Mavis Plans New Axie Infinity Game Following Workforce Reduction Amid Shifts in Strategic Priorities

Sky Mavis, the developer behind the blockchain-based game Axie Infinity, has announced a 21% reduction in its global workforce. This move is part of a larger restructuring plan to secure the company’s future stability and development. Core Products and Future Growth According to a local media report, this decision will impact approximately 50 employees out of a total workforce of 250. However, the affected employees will receive severance packag…

CryptoPotato

Sky Mavis Announces 21% Workforce Reduction

Sky Mavis lays off 50 employees to streamline operations for future growth. Layoffs are a strategic move, not due to financial instability or poor performance. Axie Infinity’s token AXS dropped by 3.78% after the news but later recovered. Sky Mavis, the developer behind the popular blockchain-based game Axie Infinity, has announced the layoff of 21% […] The post Axie Infinity creator Sky Mavis lays off 50 employees appeared first on CoinJournal.

Bitcoin Insider

Axie Infinity creator Sky Mavis lays off 50 employees

Sky Mavis workforce layoffs impact 21% of staff as the Axie Infinity developer announces strategic changes, aiming for growth and innovation by 2025.

Coincu

Sky Mavis Workforce Layoffs Impact 21 Percent Of Employees

The post Sky Mavis Workforce Layoffs Impact 21 Percent Of Employees appeared on BitcoinEthereumNews.com. Key Points: Sky Mavis Workforce Layoffs affect 21% of employees, about 50 people. Layoffs aim to align Sky Mavis for 2025 growth and innovation in Web3. Sky Mavis workforce layoffs impact 21% of staff as the Axie Infinity developer announces strategic changes, aiming for growth and innovation by 2025. Sky Mavis Workforce Layoffs Impact 21% of…

Axie Infinity Creator Cuts 21% of Staff Despite Year of ‘Valuable Growth'

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