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.