Developer of the popular NFT card game Gods Unchained, Immutable, has become the latest crypto company to downsize its team as the hype on the crypto market has apparently cooled off.
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The firm laid off about 6% of its workforce (or about 20 employees), including senior members of its NFT trading card game, as per a report by CNET. The staff was reportedly notified about the layoffs via Google Meet. At the same time, Immutable CEO, James Ferguson, reportedly reassured everyone on the call that the company is in "a fantastic position."
A spokesperson for Immutable said that the company made "a small reorganization within Gods Unchained to help better enable us to achieve our goal of creating the next generation of web3 games."
As iHodl earlier reported, other crypto companies, such as Coinbase, Gemini, ByBit and others also laid off their staff.
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