Immutable layoffs — Feb 22, 2023

Immutable cuts 11% of workforce on Feb. 22, 2023 as crypto gaming firm reduces headcount

Immutable cut staff by 11% on February 22, 2023, as the Australian crypto gaming company reduced headcount amid broader market conditions. The company did not disclose the exact number of jobs affected.

The layoff announcement came from Immutable, which operates in the gaming sector and is known for building products tied to blockchain-based games. In its statement, the company said the reduction was driven by market conditions, but no further details on the restructuring were provided in the source material.

Immutable’s workforce reduction adds to a period of cost-cutting across the crypto industry, where companies have adjusted staffing levels in response to changing market conditions. The company did not provide a forward-looking hiring or growth target in the source text.

No direct quotes from company officials were included in the available source material.

Sources: Google News