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Sky Mavis, the developer of Axie Infinity, will lay off 21% of its workforce. According to TechInAsia, this layoff is expected to affect about 50 employees out of the global team of approximately 250 members. Trung Nguyen, CEO and co-founder of Sky Mavis, stated that this decision is not related to the company's budget or financial health, but rather a strategic move to allow Sky Mavis to focus more and position itself for rapid growth in 2025 and beyond.