Web3 Gaming Studio Mythical Games Lays Off 10% of Its Employees

Web3 gaming studio Mythical Games has let go of 10% of its roughly 320 employees. CoinDesk reports: The firm cited the economic downturn, likely exacerbated by the harsh crypto winter, as the reason for the layoffs. "[We] have had to reevaluate and restructure some areas in our business accordingly," a spokesperson from Mythical told CoinDesk. "Unfortunately, as a result, we had to make the painful decision to let some of the members of our team go." Further reading: A Host of Tech Companies, Including Coinbase, Robinhood, Lyft, and Stripe, Announce Hiring Freezes and Job Cuts

Only 10%?

[drwho]

Those are rooky numbers in this week.

Itâ(TM)s ok I am sure the C suite took a payc

[S_Stout]

All these noble leaders taking paycuts to save their employees

Re:

[Opportunist]

Well, they took their cut of the pay if that's what you mean...

Big deal

[TwistedGreen]

Have they ever even released a game? "Crypto + Games" just sounds like blatant investor-bait vaporware. Looks like they've managed to bilk the NFL into joining their "platform" but their portfolio is pretty pathetic so far. This whole "economic downturn" just to be an excuse for flushing out the rats by claiming your ship is sinking...

Re:

[DrMrLordX]

Yes, they have released Blankos Block Party on Epic. Can't tell you if it's any good or not.

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[bsdetector101]

This is a Blockchain/NFT Game on Epic This game supports or includes the use of Blockchain, NFT technology, or Cryptocurrency. All transactions and related activity, payments for in-game purchases, refunds, and customer support are handled by the publisher of this product. so play it to make them $$ is my thinking.

Right before the midterm elections?

[haruchai]

Timing of a lot of these layoffs is really going the hurt the Dems in what was already an uphill battle

Re:

[Z80a]

It's either megacorp group A or megacorp group B that win those things.
The american people is mostly a byproduct of the system by now

Re:

[Opportunist]

That's how the US elections work. Corporations get to choose who the candidates are and the voters can then choose which corporate stooge gets to run the show for his cronies for the next couple years.

Basically in the US, you can choose which corporation gets to fleece you. It's a bit like living in a really bad neighborhood and being allowed to choose which of the two rival gangs controls the turf.

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[Opportunist]

Either way, the voters are going to be the losers.

Why should it be different this time around?

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[Opportunist]

How so, did the Dems run the business or do you think people are actually stupid enough to connect being fired from a high-risk, highly volatile business with anything happening in politics?

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[cascadingstylesheet]

How so, did the Dems run the business or do you think people are actually stupid enough to connect being fired from a high-risk, highly volatile business with anything happening in politics?

I know, right? Sheesh, it's just a canary! Keep heading downward in that mine!

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[Opportunist]

Canary? Please, if you need to read shit into something, break out a crystal ball.

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[haruchai]

How so, did the Dems run the business or do you think people are actually stupid enough to connect being fired from a high-risk, highly volatile business with anything happening in politics?

For quite a long time, I've refrained from ever asking "do you think people are actually stupid enough" in any context.

I need a filter for web3 and crypto

[LostMyBeaver]

it should automatically mutate things like

    web3 company

Into

    another scam company

Re:

[Opportunist]

Just copy/replace "web3" with "scam" and you're generally set.

10%?

[backslashdot]

How big is this company? So they laid off .9 of a person?

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[DrMrLordX]

Read the summary. They had 320 employees before layoffs.

No wonder

[RUs1729]

Web 3 is a con, like almost everything based on blockchain - a solution desperately looking for a relevant problem to solve.