Star Atlas Developer ATMTA Inc. Lays Off Over 120 Staff



ATMTA Inc., the developer of the sci-fi gaming metaverse Star Atlas, has laid off over 120 staff as part of a major restructuring. The company has reduced its workforce from 167 employees to 45, marking a significant drop from a peak of 235 staff in late 2022.

In a statement, ATMTA said that the layoffs were necessary to "ensure the long-term health and sustainability of the company." The company cited financial difficulties and macro headwinds as the reasons for the layoffs.

"While the team size is much smaller, we will be more agile and fully capable of delivering on our prioritized products and maintaining all other existing products," the statement said.

Star Atlas is a blockchain-based game that allows players to explore a vast galaxy, trade NFTs, and battle other players. The game has been in development since 2020 and is still in its early stages.

The layoffs at ATMTA come at a time when the crypto market is in a downturn. The price of Bitcoin, the most popular cryptocurrency, has fallen by more than 70% in the past year. This has led to a decline in investment in blockchain-based projects, such as Star Atlas.

It is unclear what the future holds for Star Atlas. The layoffs could delay the launch of the game or even lead to its cancellation. However, the company has said that it is committed to the project and that it will continue to develop the game.

The layoffs at ATMTA are a sign of the challenges facing the blockchain gaming industry. The industry is still in its early stages and is subject to the volatility of the crypto market. However, there is still potential for blockchain gaming to become a major industry in the future.

What does this mean for Star Atlas?

The layoffs at ATMTA are a setback for Star Atlas, but they do not necessarily mean that the game is doomed. The company has said that it is committed to the project and that it will continue to develop the game. However, the layoffs will likely delay the launch of the game and could make it more difficult for the company to attract new investors.

It is also worth noting that the crypto market is still in a downturn, which could further delay the launch of Star Atlas. However, if the crypto market recovers, it could give Star Atlas a second wind.

Only time will tell whether Star Atlas will be able to overcome the challenges it faces. However, the game has the potential to be a major success, and the layoffs at ATMTA should not deter fans from following its development.

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