OP Labs will lay off 20 people to streamline operations and reduce overhead costs

BlockBeats News, on March 12, Jing Wang, CEO of OP Labs, tweeted that OP Labs will lay off 20 people to streamline operations, expedite decision-making, and reduce coordination costs. "This decision reflects a narrowing of our work focus rather than a break in the funding chain."

According to the announcement, affected employees will receive three months of basic salary plus N+1 compensation, and medical insurance will continue for six months.