The media learned about the layoffs by the developer of NFT games Immutable

Gaming NFT studio Immutable has reduced its staff by more than 20 employees. This was reported by The Block with reference toown sources.

Layoffs have affected approximately 8% of the company's employees, based on its LinkedIn profile, which so far lists 310 people.

The project is known for the blockchain games Gods Unchained and Guild of Guardians, as well as its own second-level Ethereum protocol Immutable X.

According to the interlocutors of the publication, for the most part, the reductions affected the team of the flagship product Gods Unchained and the recruiting division.

Layoffs at Immutable confirmed by industrymedia resource Kotaku. Journalists noticed that one of the leading game developers announced on Twitter that he was looking for a job. According to him, the studio cut “a bunch of people.”

The company stated that this is about«a slight reorganization of the Gods Unchained team to help achieve the goal of creating a next-generation Web3 game». The commentary to Kotaku also claims that Immutable continues to be «actively hiring employees».

«It was a difficult choice made afterthoughtful consideration. We hate losing our team members and will ensure a smooth transition for those affected by the reorganization. Immutable started the year with 120 employees and now has 280,” the studio said in a statement.

In September 2021, Immutable raised $12.5 million in an IMX token sale on the CoinList platform. The sale ended in less than an hour.

The same month, the firm closed a $60 million Series B funding round led by Bitkraft Ventures and King River Capital.

In March 2022, Immutable raised $200 million in a Series C investment round at a $2.5 billion valuation.

In June, the company announced the launch of an ecosystema $500 million fund to fund Web3 game developers and NFT-focused startups based on Immutable X. Previously, the firm created a similar structure with a budget of $40 million together with the gaming portal Kongregate.

Recall that in February, the American retail chainfor the sale of game consoles and computer games GameStop announced the launch of an NFT marketplace based on the L2 solution from Immutable. The partners even announced the creation of a joint fund for $100 million in IMX tokens.

In March, a beta version of the platform was launched, but the retailer chose a different second layer protocol for it - Loopring.

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