Axie Infinity developer Sky Mavis will lay off 21% of its staff
Sky Mavis, the developer of Axie Infinity, will lay off 21% of its staff, according to a report by TechInAsia. This round of layoffs is expected to affect approximately 50 out of about 250 team members worldwide.
Trung Nguyen, CEO and co-founder of Sky Mavis, stated that this decision has nothing to do with the company's budget or financial health. It is a strategic move that allows Sky Mavis to focus more and position itself for ultra-high growth in 2025 and beyond.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Release dates set for new batch of US data, including CFTC weekly report and PPI

The Dow Jones Index closed down 498.5 points, with the S&P 500 and Nasdaq also declining.