Axie Infinity developer Sky Mavis will lay off 21% of its workforce. According to TechInAsia, this layoff is expected to affect about 50 out of approximately 250 team members globally. Sky Mavis CEO and co-founder Trung Nguyen stated that this decision is not related to the company's budget or financial health, but is a strategic move to allow Sky Mavis to focus more and position itself for rapid growth in 2025 and beyond.