The development company behind Ethereum Layer 2 network Optimism has laid off 20 employees — what appears to be approximately 20% of its team. The news was announced by OP Labs CEO and Optimism co-founder Jing Wang in an X post today, March 12, and included a screenshot of an internal Slack message Wang had sent to staff earlier in the day.
"This decision reflects a narrowing of our focus, not our runway," Wang wrote on X.
In a Slack message to what appears to be Op Labs’ 102 employees, Wang said that the decision is “not about finances” but rather about "doing fewer things well, making decisions faster, and reducing coordination overhead."
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