Sky Mavis, the Vietnamese firm behind the NFT-based recreation *Axie Infinity* and the Ronin blockchain, has introduced a 21% workforce discount.
The choice was revealed on November 23 by Sky Mavis co-founder and CEO Trung Nguyen by way of a publish on X (Twitter). Within the assertion, Nguyen emphasised the corporate’s plan to slender its focus shifting ahead.
“Reasonably than attempting to construct merchandise for all customers, we’re doubling down on what makes Sky Mavis really distinctive,” the publish acknowledged.
The corporate plans to prioritize the Ronin pockets, *Axie Infinity,* a brand new Axie recreation, and the growth of the Ronin Community.
Nguyen defined that the layoffs aren’t a response to monetary struggles however a strategic selection. “So as to higher give attention to these merchandise and have the agility wanted to open Ronin in Q1, we have now made the powerful choice to let go of 21% of our workforce,” the publish continued.
He added that this restructuring goals to place Sky Mavis for important development in 2025 and past.
Layoffs within the Web3 sector have turn into more and more frequent as corporations adapt to regulatory and market challenges.
Earlier this month, Alibaba lowered the dimensions of its metaverse unit as a part of a broader restructuring. The corporate plans to proceed work on particular metaverse purposes and instruments regardless of the cuts.
In April, Yuga Labs, identified for the Bored Ape Yacht Membership NFT assortment, introduced layoffs as a part of efforts to restructure and adapt to market situations. Equally, eBay reevaluated its NFT technique in February, reportedly together with workers reductions at its platform, KnownOrigin.
Final yr, OpenSea, one of many main NFT marketplaces, lowered its workforce whereas specializing in “OpenSea 2.0,” an initiative geared toward enhancing expertise and consumer expertise.
