OP Labs announces layoffs of 20 people, with the CEO stating it is unrelated to financial conditions

2026-03-12 03:06:06

Deep Tide TechFlow News, March 12 — According to the CEO of OP Labs, OP Labs is reducing its team by 20 members. Affected employees will complete discussions with their managers within a few hours. Jing Wang clearly stated that this layoff is unrelated to financial conditions — OP Labs has sufficient funds and several years of operational reserves. The reason for the layoffs is to narrow the business focus, improve decision-making efficiency, and reduce coordination costs.

Regarding severance compensation, base salary payout is based on 3 months, with an additional 1 month for each full year of employment, up to a maximum of 5 months; all departing employees will have 6 months of continued health insurance coverage and can keep their personal laptops. Jing Wang said he will personally assist departing employees in recommending their resumes to external companies.

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