PANews reported on November 25 that according to Techinasia, Axie Infinity developer Sky Mavis announced a 21% layoff. Since its global team size is about 250, this decision will affect about 50 employees.

Nguyen Thanh Trung, the company's co-founder, said financial constraints were not the reason for the decision and the move was part of a renewed focus on core products and long-term strategy. Affected employees will receive severance pay and job placement support.