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OP Labs layoffs 20% to focus on core business: not due to financial pressure
Odaily Planet Daily reports that infrastructure developer OP Labs behind Optimism announced a reduction of 20 employees, accounting for approximately 19.6% of the team. Optimism co-founder and OP Labs CEO Jing Wang clearly stated in an internal letter that the layoffs are not due to financial pressure. The company currently has sufficient funds and several years of cash reserves. The move aims to “streamline operations, accelerate decision-making, and reduce collaboration costs.”
Currently, Optimism is in a period of transformation. Last month, the largest chain in the OP Stack ecosystem, Base, announced it would shift to a self-developed unified technology stack. This change sparked market concerns about Optimism’s long-term sustainability, causing the OP token price to drop about 37% over the past 30 days. Despite these challenges, OP Labs has outlined a roadmap for 2026, focusing on faster block times, native interoperability, customizable compliance controls, and a zero-knowledge proof (ZK Proof) system aligned with Ethereum’s roadmap. Additionally, OP token holders previously proposed that 50% of Superchain sequencer revenue be used for token buybacks. (The Block)