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Optimism developers announce 20% layoffs, this move is aimed at consolidating business rather than financial considerations
ChainCatcher News: The infrastructure developer behind Optimism, OP Labs, announced layoffs of 20 employees, accounting for approximately 19.6% of the team. Jing Wang, co-founder of Optimism and CEO of OP Labs, explicitly 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.”
Optimism is currently in a transition phase. 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 the long-term sustainability of Optimism, 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 ZK Proof system aligned with Ethereum’s roadmap. Additionally, OP token holders previously approved a proposal to allocate 50% of Superchain sequencer revenue for token buybacks.