{"id":92128,"date":"2024-09-03T18:28:43","date_gmt":"2024-09-03T22:28:43","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=92128"},"modified":"2024-09-03T18:33:15","modified_gmt":"2024-09-03T22:33:15","slug":"matter-labs-to-cut-16-of-workforce","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/matter-labs-to-cut-16-of-workforce\/","title":{"rendered":"Matter Labs to Cut 16% of Workforce"},"content":{"rendered":"\n

Matter Labs, the developer of ZKsync, an Ethereum layer-2 solution<\/a>, announced a major organizational reorganization and 16% layoffs.<\/p>\n\n\n\n

\"Matter
Matter Labs to Cut 16% of Workforce<\/figcaption><\/figure>\n\n\n\n

In order to better meet the changing demands of ZKsync (ZKSY) developers for support and technology, the business will be eliminating these roles. <\/p>\n\n\n\n

CEO Alex Gluchowski stated in a statement on X that the company's shifting position in the decentralized ecosystem<\/a> and the necessity to adjust to new technological needs are the driving forces behind the reorganization. Gluchowski stated:<\/p>\n\n\n\n

\n

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” <\/p>\n<\/blockquote>\n\n\n\n

The decision was made with the recent release of the Elastic Chain and a marked upsurge in demand for ZKsync's technology<\/a>. <\/p>\n\n\n\n

Gluchowski reassured that Matter Labs is still financially stable despite the layoffs, emphasizing selective hiring and upholding the company's objective to promote the use of cryptocurrencies.<\/p>\n\n\n\n

Exit Packages and Optimism<\/h2>\n\n\n\n

A comprehensive leave package comprising three months' base income, ongoing healthcare benefits, and career support will be provided to the impacted employees. <\/p>\n\n\n\n

The corporation will also help with immigration matters for a period of four months and offer career placement assistance to affected employees. <\/p>\n\n\n\n

The zero-knowledge community fiercely opposed Matter Labs' trademark applications for the term “ZK” earlier this year, claiming that such breakthroughs ought to remain a public benefit. <\/p>\n\n\n\n

Following criticism from well-known ZK academics who emphasized that no single entity should monopolize zero-knowledge proofs\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, the corporation abandoned its operations. <\/p>\n\n\n\n

The corporation has high hopes for the future, pointing to potential expansion and robust technical demand.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Matter Labs, the developer of ZKsync, an Ethereum layer-2 solution, announced a major organizational reorganization and 16% layoffs. In order to better meet the changing demands of ZKsync (ZKSY) developers for support and technology, the business will be eliminating these roles. CEO Alex Gluchowski stated in a statement on X that the company’s shifting position […]<\/p>\n","protected":false},"author":43,"featured_media":92129,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[13005,17073,11845],"class_list":["post-92128","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-layoffs","tag-matter-labs","tag-workforce"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/09\/croc_1725396629660.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/92128","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=92128"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/92128\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/92129"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=92128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=92128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=92128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}