Following the departure of a few of its senior employees, together with Rudy Kock, Legendary Video games pronounces cuts to its employees. In whole, the corporate has shed 10% of its whole workforce as a part of a broader crypto downturn.
Based on the corporate’s LinkedIn, Legendary Video games’ whole employees comprised 321 staff, that means roughly 32 layoffs occurred. As beforehand talked about, the announcement was made after senior members – Rudy Koch, Chris Ko and Matt Nutt – introduced their departures, although for unrelated causes.
Legendary isn’t the one firm seeing a downturn in staffing. The announcement additionally adopted cutbacks by tech giants like Lyft, Twitter and Fb. Crypto corporations like Crypto.com, Bitmex and extra have been feeling the sting too.
Whereas an unlucky reversal, it’s not as dangerous because it sounds. When you think about the truth that Legendary Video games obtained its unicorn standing following its $150 million Collection C spherical, and reaching a complete valuation of $1.25 billion in November 2021.
In whole, Legendary has managed to boost over $270 million, with the bulk being earned in 2021. With this in thoughts, the employees minimize seems to be extra of a pre-emptive transfer to chop overheads.
