Ethereum Game Studio Restructures Amid Rebuild

Illuvium Restructures, Cuts Workforce to Reduce Costs

• Illuvium has reduced its core team from 100-150 to 66 contributors.
• The company aims to lower its monthly burn rate to $500,000, down from $900,000 in December.
• Some employees have opted for pay cuts or compensation in ILV tokens instead of USDC.
• The restructuring provides Illuvium with a 24-month runway for development.
• Kieran Warwick stated the franchise is not seeking new funding currently.

Illuvium’s restructuring has significantly cut its workforce and expenses, bringing it closer to a $500,000 monthly burn rate. The changes extend the company’s operational runway by two years without immediate plans for additional funding.