The metaverse platform The Sandbox is undergoing major restructuring, including significant workforce layoffs and leadership changes, indicating a shift in the company's focus.
Founders' Exit and Leadership Change
Co-founders Arthur Madrid and Sébastien Borget have stepped down from their executive roles. Robby Yung from Animoca Brands is now leading The Sandbox as CEO, while Madrid will serve as non-executive chairman. Borget will act as a global ambassador for the brand.
Staff Reductions and Office Closures
At the beginning of 2025, The Sandbox employed around 250 people, of which more than half have been let go. The layoffs have affected teams in Argentina, Uruguay, South Korea, Thailand, and Turkey. The company's office in Lyon, France, is also expected to close.
New Strategy and Platform Future
The Sandbox appears to be shifting toward a broader Web3 strategy, developing a memecoin launchpad on Coinbase's network. The original ambitions of creating a persistent virtual world are diminishing as interest in the metaverse fades.
The changes in The Sandbox highlight the current challenges and the company's adaptation to new market conditions, including staff reductions and a shift in strategy to achieve its objectives.
