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Matter Labs to lay off 16% of workforce due to restructuring

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by Giorgi Kostiuk

2 years ago

  1. Reasons for layoffs
  2. Exit packages
  3. Optimism and future


    4. Matter Labs, the key developer behind the Ethereum layer-2 solution ZKsync, has announced it will reduce its workforce by 16% due to a major organizational restructuring.

    Reasons for layoffs

    The company will cut these positions to better align with the evolving technology and support needs of ZKsync developers. In a statement on X, CEO Alex Gluchowski explained that the restructuring is driven by the need to adapt to new technological demands and the company’s changing role within the decentralized ecosystem.

    Exit packages

    The affected employees will receive a comprehensive exit package, including three months of base salary, continued healthcare benefits, and career support. Additionally, the company will assist with immigration issues for four months and provide impacted staff with career placement support.

    Optimism and future

    Earlier this year, Matter Labs withdrew its trademark applications for the term “ZK” following strong opposition from the zero-knowledge community. The company remains optimistic about its future, citing strong technological demand and continued growth opportunities.

    Despite the layoffs, Matter Labs continues its mission to advance crypto adoption, maintaining financial stability and focusing on strategic hiring.

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