Immutable’s Strategic Layoffs and AI Integration Drive 55% Revenue Growth Amid $50 Million Loss

COINOTAG News reported on May 23rd that **Immutable**, an Australian blockchain gaming company backed by **Temasek**, has undergone a significant reduction in its workforce. Over the past nine months, the firm has terminated approximately **one-third** of its employees, decreasing its total from 224 to around 150. The company indicated that several roles across **business**, **engineering**, **product**, and **marketing** teams have been streamlined through the implementation of **AI**, particularly in design and content generation. Despite facing a substantial **$50 million loss** in 2023 stemming from rising employee expenditures and dwindling **cryptocurrency** values, Immutable has demonstrated resilience with a remarkable **55% revenue growth** this year, achieving **$67 million** in revenue. Looking ahead, the firm aims to reach **cash flow breakeven** by the end of **2025**, signaling a potential rebound in its operational strategy.