Illuvium Labs, the world's first Interoperable Blockchain Gaming firm, has announced a 40% reduction in its workforce to accelerate game development and reduce monthly expenses.
Staff Reduction and Impact
In the past two weeks, Illuvium Labs has cut about 40% of its staff to hasten game development timelines. The company's CEO and co-founder, Kieran Warwick, noted that developers were not laid off, with the layoffs primarily affecting teams in marketing, operations, security, and quality assurance roles. Quality assurance work is now entrusted to the community.
Illuvium's Future Plans
In its first year, the company's management lacked layers, and now Illuvium aims to expand its operations. The firm develops three blockchain games on the Ethereum platform: Overworld, Illuvium Arena, and Illuvium Zero. The project's roadmap has not been updated in over a year. Illuvium actively releases patches and plans to turn its game Illuvium Overworld into a massive multiplayer online game.
Company Collaborations and Updates
The company also announced a collaboration with a virtual agent protocol to update in-game characters, allowing them to adapt to player actions. The staff reduction will lower the company's monthly expenses, with a further reduction planned by the end of March. Some employees have opted for pay cuts or accepted the ecosystem's token (ILV) instead of regular USD.
Illuvium's staff reduction contributes to cost savings and accelerates the development process for blockchain games. The company's plans include expansion and active collaborations with new partners.
