Immutable has downsized by a third over the past 9 months, opting to use AI to complete some of the work.

BlockBeats News, May 23rd, Australian blockchain gaming company Immutable, supported by Temasek, has laid off one-third of its staff in the past nine months, reducing its workforce from 224 in 2023 to around 150.

The company confirmed that some positions in the business, engineering, product, and marketing teams have been supported by AI, especially in the areas of design and content creation.

Despite incurring a $50 million loss in 2023 due to increased employee costs and the decline in cryptocurrency assets, the company reported a 55% revenue growth in 2024, reaching $67 million. The company expects to achieve cash flow breakeven by the end of 2025.