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 a put up on X (Twitter). Within the assertion, Nguyen emphasised the corporate’s plan to slim its focus transferring ahead.
“Rather than trying to build products for all users, we are doubling down on what makes Sky Mavis truly exceptional,” the put up said.
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 alternative. “In order to better focus on these products and have the agility needed to open Ronin in Q1, we have made the tough decision to let go of 21% of our workforce,” the put up continued.
He added that this restructuring goals to place Sky Mavis for important progress in 2025 and past.
Layoffs within the Web3 sector have develop into more and more widespread as firms 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 functions 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 employees reductions at its platform, KnownOrigin.
Final 12 months, OpenSea, one of many main NFT marketplaces, lowered its workforce whereas specializing in “OpenSea 2.0,” an initiative aimed toward bettering know-how and person expertise.
