Matter Labs Cuts Its Workforce by 16% 🚨

- Alex Gluchovsky, CEO of Matter Labs, announced a restructuring of the company and a 16% layoff.

- Matter Labs, the creator of ZKsync, is adapting to a rapidly changing market.

- Matter Labs' role in the decentralized ZKsync ecosystem has diminished.

- The company is offering severance packages to laid-off employees.

- 12 new projects will launch on Elastic Chain this year.

Source: Alex Gluchovsky