Express
MANTRA Announces Layoffs to Address Market Challenges
Summary: MANTRA co-founder JP Mullin announced a company restructuring, including team downsizing, to address market challenges. The restructuring primarily impacts positions in business development, marketing, and human resources support. Mullin stated that despite significant investments in real-time asset tokenization, blockchain, and ecosystem development from 2024 to the first quarter of 2025, adverse events in April 2025, ...
MANTRA co-founder JP Mullin announced a company restructuring, including team downsizing, to address market challenges. The restructuring primarily impacts positions in business development, marketing, and human resources support. Mullin stated that despite significant investments in real-time asset tokenization, blockchain, and ecosystem development from 2024 to the first quarter of 2025, adverse events in April 2025, sustained market downturn, increased competition, and market dynamics have led to a mismatch between cost structure and current reality. To enhance capital efficiency, MANTRA plans to adopt a more streamlined operational model in 2026, focusing resources on core business execution. The company has taken measures such as reducing non-essential expenses and optimizing processes, but layoffs are still necessary to adjust operations and future development path.
