Matter Labs, the important thing developer behind the Ethereum layer-2 resolution ZKsync, has introduced it would scale back its workforce by 16% resulting from a significant organizational restructuring.
The corporate will lower these positions to higher align with the evolving expertise and help wants of ZKsync (ZKSY) builders.
In a press release on X, CEO Alex Gluchowski defined that the restructuring is pushed by the necessity to adapt to new technological calls for and the corporate’s altering function inside the decentralized ecosystem. “We went through a large org planning exercise, and it became clear that the talent and roles we have today do not perfectly match our needs,” Gluchowski said.
The choice follows a major improve in demand for ZKsync’s expertise, together with the latest launch of the Elastic Chain.
Regardless of the layoffs, Gluchowski assured that Matter Labs stays financially sturdy, specializing in strategic hiring and sustaining its mission to advance crypto adoption.
Exit packages and optimism
The affected staff will obtain a complete exit bundle, together with three months of base wage, continued healthcare advantages, and profession help. Moreover, the corporate will help with immigration points for 4 months and supply impacted employees with profession placement help.
Earlier this yr, Matter Labs withdrew its trademark purposes for the time period “ZK” following robust opposition from the zero-knowledge neighborhood, which argued that such improvements ought to stay a public good. The corporate determined to drop its efforts after outstanding ZK researchers criticized the transfer, emphasizing that zero-knowledge proofs shouldn’t be monopolized by any entity.
The corporate stays optimistic about its future, citing robust technological demand and continued progress alternatives.
