Matter Labs, the company behind the Ethereum scaling solution ZKsync, is undergoing significant changes.
CEO Alex Gluchowski announced on September 3 that the firm is restructuring and laying off 16% of its workforce.
Gluchowski explained that the restructuring is a strategic move to align with the evolving role of Matter Labs in the increasingly decentralized ZKsync ecosystem.
With the recent launch of ZKsync’s Elastic Chain and ZK Nation, the company has decided it’s time to reassess its strategy and team structure.
The layoffs, while challenging, come with severance packages for affected employees.
Gluchowski remains optimistic, noting that around 12 blockchain projects are set to debut on the ZKsync Elastic Chain this year, with continued development on ZKsync Era driven by external developers.
The restructuring follows a key milestone for ZKsync: the launch of the ZKsync Ecosystem Portal in partnership with DappRadar.
This move marks a significant step toward decentralizing control, transitioning the ecosystem’s governance and infrastructure to the community.
Matter Labs has faced some controversy recently, particularly for its attempt to trademark “zero-knowledge,” a core technology in the blockchain space.
This move was widely criticized by industry leaders, leading Matter Labs to withdraw its trademark applications earlier in the year.
