$AXS
Sky Mavis, the developer of Axie Infinity, announced a 21% layoff, which will affect about 50 employees out of about 250 team members worldwide. Trung Nguyen, CEO and co-founder of Sky Mavis, made it clear that this layoff decision has nothing to do with the company's budget or financial health, but is a strategic move to allow the company to be more focused and prepare for hyper-growth in 2025 and beyond. He further pointed out that the layoffs reflect the company's shift in focus, and the main focus in the future includes expanding the Ronin network and wallet services, Mavis Marketplace, Axie Infinity, and developing a new Axie Infinity game. Affected employees will receive severance pay and job placement support.