Matter Labs Cuts 16% of Workforce in Strategic Restructuring

The ZKsync developer aims to streamline operations and adapt to evolving market demands.

24 employees affected as Matter Labs undergoes its first layoffs in six years.
CEO and President emphasize the company's strong financial position and ongoing strategic hiring.
Layoffs attributed to organizational realignment rather than financial issues or performance.
Matter Labs continues to focus on its mission to accelerate crypto adoption and support Ethereum scaling.
Impacted employees to receive severance packages, healthcare benefits, and placement support.