BlockBeats news: On January 14, MANTRA CEO JP Mullin tweeted that MANTRA will implement restructuring after a difficult year, including team reductions. The layoffs will affect multiple departments, including business development, marketing, and human resources. He stated that a series of extremely unfortunate and unfair events in April 2025, including a prolonged market downturn, increasing competition, and evolving market dynamics, made MANTRA's cost structure unsustainable compared to recent realities. This move aims to improve capital efficiency and focus more on core business operations.
MANTRA Announces Layoffs Across Multiple Departments
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Summary
On January 14, 2026, MANTRA CEO JP Mullin announced that the company will reduce its workforce in business development, marketing, and human resources as part of a restructuring plan. This decision follows market challenges in April 2025, including a prolonged downturn, intense competition, and shifting market dynamics, which have placed pressure on the company's cost structure. The layoffs are intended to improve capital efficiency and refocus the company on its core operations. On-chain data continues to indicate pressure within the sector, with the fear and greed index reflecting increased uncertainty among investors.
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