Matter Labs Announces 16% Staff Reduction Amid Organizational Restructuring

Quick Summary:

Matter Labs staff reduction is a significant move as the company behind zkSync announces layoffs affecting 16% of its workforce, totaling 24 employees.

This marks Matter Labs’ first staff reduction in six years, according to a report by Blockworks.

The layoffs are part of a broader organizational restructuring aimed at streamlining the company as it enters a new phase of decentralization.

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Article Details

Author / Journalist: Ishu Aggarwal

Category: Crypto

Markets: India

Topics: Latest News Matter Labs

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-03 @ 15:02:32 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 336 words

Reading Time: 2 minutes read

Sentences: 19 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 22351183

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News Last Updated: 11 hours ago

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