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BlockBeats reported on May 23rd that Immutable, an Australian blockchain gaming company supported by Temasek, has laid off one-third of its workforce over the past nine months, reducing its number of employees from 224 in 2023 to around 150. The company confirms that some positions in the business, engineering, product, and marketing teams have been supported by AI, particularly in design and content creation. Although the company incurred a loss of $50 million in 2023 due to increased employee costs and a decline in cryptocurrency assets, the report reports a 55% increase in revenue to $67 million in 2024. The company expects to achieve a cash flow balance by the end of 2025.