Matter Labs, the company responsible for developing the popular Ethereum Layer-2 protocol zkSync, recently made a difficult decision to restructure their organization. Unfortunately, this restructuring involved a reduction in staff, affecting approximately 16% of the Matter Labs team. CEO Alex Gluchowski acknowledged that this was the toughest decision the company has had to make in its six-year history. With Matter Labs taking this step, it raises the question of whether other Ethereum Layer-2 solutions will also need to make workforce adjustments in the future. Only time will tell how this decision will impact the broader Ethereum ecosystem.
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zkSync Parent Firm Axes 16% Of Workforce, Will Other Ethereum Layer 2 Follow?
