September 4, 2024 at 01:15 AM GST updated: September 4, 2024 at 01:09 AM 2 mins read News Matter Labs cuts 16% workforce amid strategic shift to specialized Layer 2 solutions. ZKsync’s native token, ZK, drops 64% since June despite new Elastic Chain launch. Matter Labs offers robust severance, including 3 months’ salary and visa…
Matter Labs, a key player in the crypto industry, is restructuring, resulting in a 16% workforce reduction. The decision, made to align with evolving market demands and internal strategy shifts, was difficult but necessary, according to the CEO Alex Gluchowski. Departing employees will receive a comprehensive exit package, including salary continuation, healthcare, career support, and…
September 3, 2024 at 11:30 PM GST updated: September 3, 2024 at 11:34 PM 2 mins read News Matter Labs has reduced its workforce by 16% as demand for its Ethereum Layer 2 protocol, ZKsync Era, significantly declines in 2024. The number of active addresses on ZKsync has decreased sharply, from over 455,000 in April…