Following rumors of its restructuring, Animoca Manufacturers’ government chairman Yat Siu spoke to Cointelegraph to set the document straight on what’s happening with The Sandbox.
Labelling the rumors a “nothingburger”, Siu stated Animoca Manufacturers has stepped in to reorganize the corporate in an identical solution to how Animoca itself has modified over the previous couple of years, lowering its personal headcount from a peak of 1,300 to a present stage of round 1,000 employees.
Though not giving a determine for job losses, Siu identified that The Sandbox will proceed to function 9 workplaces, with the workplaces which might be being closed having a really small variety of employees.
He additionally highlighted the way in which AI is impacting the video games business. “AI can make things faster”, he stated. Therefore the truth that The Sandbox is “cutting workforce shouldn’t be a surprise”.
Nevertheless, Siu stated he was most irritated in regards to the rumors The Sandbox‘s founders COO Sebastien Borget and CEO Arthur Madrid had been being pushed out.
“Arthur is chairman, so will remain very involved,” he stated, including “Sebastien is still very involved as an ambassador.”
Teasing a future venture, Siu talked about that Borget is engaged on one thing “very big” – described as “a special project related to the SAND token and The Sandbox” – that will likely be introduced in just a few months.
But Siu did level out that The Sandbox has been going through a number of challenges, bluntly stating “Is The Sandbox doing as well as we had hoped for back in 2022? No.”
As a part of the restructuring, Animoca Manufacturers’ Robby Yung will step in as the brand new CEO of The Sandbox, main the venture to the subsequent stage.
“We’re basically bringing The Sandbox to the next stage, building it up to something much stronger than it was before,” stated Siu.
“We’re going to create an optimal organisation between Animoca and The Sandbox.”
“Robby coming in as CEO will make sure this can happen.”
