Matter Labs, the developer of the layer2 platform zkSync, has cut some staff.
Matter Labs CEO Alex Gluchowski (알렉스 글루초프스키) recently shared the news on social media platform X (Twitter).
Gluchowski said the company has been developing products for regulated financial institutions since 2024 and has fully shifted its business direction to on-chain privacy infrastructure for institutions.
He said the layoffs were driven by the need to adjust the composition and size of its workforce in response to changing customer demand.
Earlier this year, Gluchowski unveiled zkSync's 2026 strategy and set out 4 key tasks: privacy by default, deterministic control, verifiable risk management, and native connectivity to global markets.
He said, "We chose a design that takes real-economy constraints into account," adding, "We will build trust with an Incorruptible Financial Infrastructure based on cryptography, not people or intermediaries."
Chi-gyu Hwang
delight@d-today.co.kr