Having already laid off staff in July 2022, Immutable is now doing so again.
The layoffs were disclosed in a memo emailed to staff on Wednesday.
Immutable, a prominent Australian crypto gaming firm, recently announced it has laid off 11% of its workforce in order to preserve its financial reserves for the indefinite future. Having already laid off staff in July 2022, Immutable is now doing so again.
The layoffs were disclosed in a memo emailed to staff on Wednesday (Feb. 22, 2023) by Immutable co-founder and CEO James Ferguson.
Ferguson stated:
“This is difficult news, and I am sorry to all Immutables impacted by these changes. As CEO, I am deeply aware that these role eliminations will directly impact the lives of many, and I take full ownership for these actions.”
Focusing on Crypto and Web3 Components
According to the CEO, the layoffs were made so that the company could increase its financial reserves and devote more resources to strategic initiatives. According to Ferguson’s
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