Metaverse platform The Sandbox is undergoing a sweeping restructuring that will see more than half of its roughly 250 employees laid off

The Sandbox has confirmed a major restructuring that includes layoffs and leadership changes, after French outlet The Big Whale reported that more than half of its roughly 250 employees were being cut. Reporting across multiple outlets says the layoffs affect teams in several countries, including Argentina, Uruguay, South Korea, Thailand, and Turkey, and that some offices have been closed or consolidated. The restructuring also shifts operational control toward parent company Animoca Brands. Reports say Animoca CEO Robby Yung has been appointed CEO of The Sandbox, while co-founders Sébastien Borget and Arthur Madrid have moved into ambassador and non-executive chairman roles rather than day-to-day management. The company has said the changes are part of an internal reorganization and operational optimization, including greater use of AI, and denied that it is pivoting away from its core mission. The story matters because The Sandbox was one of the best-known metaverse/Web3 projects during the sector’s boom, and the layoffs underscore how sharply the market has cooled for virtual-world platforms. The reports also suggest a broader strategic reset under Animoca Brands, with some coverage noting speculation about new products such as a memecoin launchpad, though that has not been confirmed by The Sandbox.

✨ AI-generated background, compiled from web sources — not editorial content.

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