Matter Labs Announces Layoffs Amid Strategic Shift to Prividium

According to Huoxing Finance, on June 17, Alex Gluchowski, co-founder and CEO of Matter Labs, posted on X announcing a reduction in the company’s team size and explaining the reasons for the layoffs. Gluchowski stated that since 2024, Matter Labs has been developing products for regulated financial institutions, leading to the creation of Prividium, an enterprise-grade privacy infrastructure project. The company has now fully aligned its resources toward this direction, with the core goal of providing privacy-centric on-chain infrastructure for enterprises and regulated financial institutions. As this business initiative advances, customer needs have become clearer, and the required team skill set has significantly shifted from earlier stages—this restructuring is a direct result of that strategic transition. Gluchowski emphasized that all affected employees were top-tier engineers, designers, and operations professionals; the adjustments are unrelated to individual performance or capabilities. The company has provided financial compensation to all departing employees and is assisting with their career transitions, while also opening a channel for external organizations to request access to the list of departing talent.