Ethereum news (ETH): OP Labs cuts roles in restructuring to 'narrow focus' on core priorities
CoinDesk
OP Labs, the main developer for the Optimism layer-2 network, laid off 20 employees to narrow its strategic focus.Summary
OP Labs, the primary developer firm supporting the Optimism Ethereum layer-2 scaling network, has implemented an internal restructuring that resulted in the layoff of 20 employees. CEO Jing Wang stated that the decision was made to "narrow our focus" and streamline decision-making to "do fewer things ... exceptionally well," emphasizing that the move was not due to financial constraints, as the company is "well capitalized with years of runway." Optimism's technology stack underpins several major chains, including Coinbase's Base. Following the announcement, the OP token experienced a slight decline.
(Source：CoinDesk)