According to a report from Bloomberg, the cuts to the North American team working on Marvel Rivals aren’t an anomaly. NetEase founder and CEO William Ding is reported to have cut hundreds of jobs, closed studios, and taken a firmer hand with the company’s Japanese teams — including the one led by former Ryu Ga Gotoku Studio head Toshihiro Nagoshi.

NetEase declined to detail the exact scope of the Seattle layoffs which come just two months after Marvel Rivals launched to rapid critical and financial success with reports estimating that it raised over $130 million in revenue in its first month.

Marvel Rivals is about to get its next major update on Feb. 21 but, just three days before that content goes live, NetEase has laid off an entire team working o

NetEase (NTES) stock slipped today after the Marvel Rivals developer confirmed layoffs at one of its teams. Following social media posts about

NetEase CEO William Ding's refusal to pay for Marvel licenses nearly resulted in the cancellation of Marvel Rivals.

Marvels Rivals, which has been a huge success for publisher NetEase since its launch last year, reportedly almost didn't make it to release. It's claimed the company considered cancelling the project because its CEO objected to paying Disney for use of its characters.