Australian blockchain gaming company Immutable has shed 11% of its workforce, the second round of layoffs since late July, according to the Sydney Morning Herald.
The cuts indicate the need to expand the company’s runway and focus resources on its most important projects, the report said.claimFrom a message to employees from CEO James Ferguson.
The changes will include outsourcing game development. to focus on web3 and reorganize some of the entities
Last summer, the developer who created the famous card game Gods Unchained reduceEmployees to more than 20 people or about 8% of the total number of employees of the business.
Immutable game studio was founded in 2018 and has built a reputation as one of the pioneers of blockchain and NFT games, attracting significant funding. News of the layoffs follows an announcement in June that the company was launching a $500 million fund for web3 game adoption.
alsomobilizeSeries C funding raised $200 million in March last year. and was previously backed by big name players such as Coinbase Ventures, Animoca Brands, Tencent, and Temasek.
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