[Matter Labs Discloses Layoffs, Announces Full Focus on Institutional On-Chain Privacy Infrastructure Business] Alex Gluchowski, CEO of zkSync developer Matter Labs, revealed on the X platform that the company conducted layoffs today. Alex stated that since beginning to develop products for regulated financial institutions in 2024, the company has now fully focused on Prividium and institutional on-chain privacy infrastructure business. As the business progresses, the demand for skills and roles has shifted, leading to the decision to implement layoffs. Departing employees have received financial support, and the company is assisting them with the transition.