MANTRA initiates restructuring and layoffs, CEO details strategic adjustments to address market challenges

【Blockchain Rhythm】MANTRA officially announces the launch of a restructuring plan. The project’s CEO JP Mullin recently confirmed that the company will undergo a round of personnel optimization and organizational streamlining. This adjustment involves multiple departments including business development, marketing, and human resources.

What the hell has driven this project to the brink? According to Mullin, a series of blows experienced last year directly hit the core—ongoing market downturn, increasing competitive pressure, rapid changes in market landscape… These factors combined have made MANTRA’s original cost structure unsustainable. Simply put, revenue can’t keep up with expenses, and if this continues, the books won’t balance.

From a strategic perspective, the main goals of MANTRA’s move are twofold: first, to improve capital efficiency; second, to focus the team’s efforts more on core business. This approach is not uncommon in the crypto market—when the environment is tough, survival often takes precedence over expansion. Streamlining and focusing on main business can help the project get through difficult times and prepare for the next phase.