Axie Infinity Creator Cuts Jobs but Promises a Bold Comeback

YsmaelByEng Published on
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Sky Mavis, the developer behind ‘Axie Infinity’, has announced a significant reduction in its workforce, laying off 21% of its employees. This decision is part of a strategic move to streamline operations and focus on core products.

Co-founder and CEO Nguyen Thanh Trung emphasized that the layoffs are not due to financial instability but are intended to position the company for future growth. He stated that the decision was necessary to ensure the company’s agility as it focuses on key initiatives for 2025 and beyond.

Despite these challenges, Sky Mavis remains committed to the Web3 ecosystem, continuing to develop ‘Axie Infinity’ and other products within the Ronin network.

The company is concentrating on important projects, including the upcoming launch of the Ronin blockchain in Q1 2025, and expansion efforts for the Ronin Wallet and Ronin Network.

Following the announcement, the price of Axie Infinity’s native token, AXS, saw a decline but later recovered. This reflects the growing pressure on blockchain gaming companies to adapt to the evolving market while ensuring financial sustainability and product relevance.

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Ysmael

Ysmael “Eng” Delicana is a writer based in Davao City, Philippines. He earned his bachelor’s degree in economics at Ateneo de Davao University before continuing to teach part-time at the same university. While teaching was a fun gig, being a geek and a writer seemed to be his calling. His expertise includes fantasy shows and movies, comic books, the Marvel Cinematic Universe, and popular RPG video games. Ysmael also excels at learning new things and getting to know new topics that are interesting yet foreign to him, and that’s why he can also be called a jack of all trades. He also works as a part-time writer for books about sports. As an avid fan of fantasy TV shows, video games, and books, Ysmael is fond of watching, playing, and reading things related to fantasy, magic, and mystical creatures. However, he is also a huge fan of anime, as he spends a portion of his time watching shonen anime. As long as something is interesting and worth his time, Ysmael tends to devote his effort to it, as he has been great at geeking out about a certain topic. Ysmael’s writing style tends to be quite conversational in the sense that he likes speaking to the readers instead of making them feel like they are reading something tedious. He picked up this during his teaching years because he needed to find ways to simplify topics that tend to be foreign and complex to students. Ysmael also writes for Comic Basics.

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