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Matter Labs Shrinks Workforce by 16% as Zksync Shifts Its Strategy

Matter Labs reduces its workforce by 16% in response to market and business changes. The company promotes decentralization and operational efficiency. Matter Labs, the key developer of Ethereum’s layer 2 scaling technology ZKsync, is laying off 24 employees, or 16% of its staff. This is the first time the organization has had to make such reductions since it was founded in 2018. Restructuring to Meet Evolving Needs The employment reduction is part of a larger organizational reform aimed at...

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