MANTRA Announces Layoffs Impacting Multiple Functional Departments

BlockBeats News, January 14th, MANTRA CEO JP Mullin tweeted that after a challenging year, MANTRA will undergo a restructuring, including a reduction in team size. The layoffs will involve multiple functions such as business development, marketing, human resources, among others. It stated that a series of extremely unfortunate and unfair events occurring in April 2025, including ongoing market downturn, escalating competition, and constantly changing market dynamics, have made MANTRA's cost structure unsustainable given the recent circumstances. This move aims to improve capital efficiency and enhance focus on core business.