Afterverse, a gaming company under Movile (owner of iFood), laid off approximately 60 employees on June 3, 2022, representing about 20% of its then 270-person workforce. The layoffs are attributed to global market conditions and internal strategic realignments, as the company reprioritizes initiatives. This move places Afterverse among numerous tech startups in Brazil, such as Mercado Bitcoin and VTEX, that are reducing staff amid a challenging investment climate. The company, known for games like PK XD and Crafty Lands, is focusing on reaching profitability and scaling its operations, having recently hired UBS to seek a strategic partner.
