Golden Finance reported that Axie Infinity developer Sky Mavis will lay off 21% of its employees. According to TechInAsia, the layoffs are expected to affect about 50 employees out of about 250 team members worldwide. Trung Nguyen, CEO and co-founder of Sky Mavis, said the decision had nothing to do with the company's budget or financial health and was a strategic move that will allow Sky Mavis to be more focused and prepare for ultra-high speeds in 2025 and beyond. Position yourself for growth.