Matter Labs Laysoff 16% of Workforce Amid Strategic Shift
On September 3, 2024, Alex Gluchowski , Co-Founder and CEO of Matter Labs revealed a significant restructuring of the company, which includes laying off 16% of its workforce. This decision impacts approximately 24 employees, marking the first reduction in staff since the company’s inception six years ago. I just sent this message to the Matter Labs team: === Today, I’m sharing the hardest change we had to make in the 6-year history of Matter Labs. We are restructuring the organization and parting ways with many amazing team members (~16% of the team). We’ve already reached out… — Alex G. (∎, ∆) (@gluk64) September 3, 2024 Gluchowski explained that the restructuring is part of a strategic shift to align with evolving market demands and the decentralisation of its ZKsync ecosystem . “The role of Matter Labs in the decentralized ZKsync ecosystem has evolved, too,” he stated. “The launch of the Elastic Chain and ZK Nation was the right moment to re-evaluate our s...