Sky Mavis, the developer of the blockchain game Axie Infinity, announced that it would lay off 21% of its employees

Sky Mavis, the developer of the blockchain game Axie Infinity, announced that it will lay off 21% of its employees. Given that its global team size is about 250, this decision will affect about 50 employees. Nguyen Thanh Trung, co-founder of the company, said the move was part of a refocus on core products and long-term strategy. Trung emphasized that financial constraints were not the reason for the decision, and affected employees will receive severance pay and job placement support. (TechinAsia)