TechFlow news, on November 25, according to Techinasia, blockchain gaming company Sky Mavis announced it is laying off 21% of its workforce, affecting approximately 50 employees. Co-founder Nguyen Thanh Trung stated that the layoffs are not due to financial pressure, but rather aimed at refocusing on core products and long-term strategic development. Affected employees will receive severance packages and job placement support.
Sky Mavis, founded in 2018, gained fame for developing Axie Infinity, a game that popularized the "play-to-earn" model during the pandemic. The company suffered a $600 million hack in 2022 and has since shifted its game model to free-to-play.
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