- JP Mullin confirms tough layoffs, stressing focus, efficiency, and sustainable growth for MANTRA in 2026.
- Former employees praised for contributions; company encourages new opportunities and highlights a leaner, stronger future.
- AMA planned to address user trust concerns amid past airdrop issues and insider activity, signaling renewed transparency.
MANTRA, a blockchain platform focused on RWA, is going through a big shake-up after a rough 2025. CEO and founder JP Mullin shared the news on X, saying the company will reduce its team and simplify operations.
The CEO stated in the post that the choice was difficult and underlined that it is being made to ensure the company’s survival and position it for future expansion. “I have really tried everything in my power to avoid coming to this conclusion,” Mullin stated.
According to Mullin, this restructuring comes after ambitious scaling in 2024 and early 2025. MANTRA invested heavily in RWA tokenization, building its chain, and expanding its ecosystem. Unfortunately, this combination of market downturns, competitive pressures, and certain events occurring in April 2025 have made their cost structure unsustainable.
Mullin added, “To thrive in this environment and take back our market-leading position, we must become more capital-efficient and laser-focused.” To that end, MANTRA is focusing resources on key initiatives while eliminating non-core spend to extend runway.
Impact on Staff and Company Direction
The restructuring has led to difficult separations, with some talented employees leaving. Defisushi, a former team member, described the experience as “brutal and heartbreaking,” noting the suddenness of the redundancies.
Mullin made it clear that the layoffs aren’t about anyone’s performance but part of a bigger plan for 2026. He said, “The people leaving MANTRA are talented and dedicated, and they have contributed immensely to our progress.” He also encouraged other companies to consider hiring these employees for new opportunities.
The remaining team will need to adjust to a smaller, more focused setup, where the main goal is getting work done and growing smartly. Mullin said, “With our clear focus and strategic efforts, we will not only survive, but we will be stronger, more resilient, and better positioned for success.”
Rebuilding User Trust and Future Plans
Amid criticism over prior airdrops, insider actions, and poor communication, some users doubt MANTRA’s ability to regain trust. In response, Mullin plans to host an AMA to address these concerns directly.
He stressed that the aim of the reorganization and new focus strategy is to enhance the innovation ecosystem for RWA and restore the credibility thereof. The business hence seeks to offer a bright, organized, and sustainable future for the years 2026 and onward.