Alex Gluchowski: Matter Labs Lays Off, Focusing on Institutional Chain Privacy Infrastructure

Alex Gluchowski, CEO of zkSync developer Matter Labs, announced on X platform that the company will lay off employees. Alex Gluchowski stated that the company has been building products for regulated financial institutions since 2024 and has now fully focused on Privium and institutional on chain privacy infrastructure businesses. The change in business needs has led to the decision to lay off employees, and the departing employees have received financial support and assistance in transitioning.