According to a ChainCatcher report, MANTRA co-founder JP Mullin announced a company restructuring plan, which includes reducing the team size. This restructuring primarily affects support roles such as business development, marketing, and human resources. JP Mullin stated that from 2024 to the first quarter of 2025, MANTRA made significant investments in real-time asset tokenization, blockchain, and ecosystem development. However, adverse events in April 2025, a persistently weak market, increased competition, and shifting market dynamics have rendered its cost structure incompatible with current realities. To improve capital efficiency, MANTRA plans to adopt a more streamlined operational model in 2026, focusing resources and efforts on core business execution. The company has already taken measures to cut non-essential expenses and optimize processes, but layoffs are still necessary to align operations with its future development path.
MANTRA Announces Layoffs Amid Market Challenges
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Summary
MANTRA announces layoffs in response to ongoing market news, as co-founder JP Mullin revealed restructuring efforts. The cuts mainly affect business development, marketing, and HR teams. Despite progress in asset tokenization and blockchain growth from Q1 2024 to Q1 2025, market downturns and competition have necessitated a leaner business model. The company is now focusing on core operations and cost efficiency for 2026. Bitcoin market news remains a key backdrop as the crypto sector adjusts to shifting conditions.
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