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MANTRA announces layoffs involving multiple functional departments
Mars Finance News: On January 14, MANTRA CEO JP Mullin tweeted that MANTRA will undergo a restructuring after a difficult year, including a reduction in team size. The layoffs will involve multiple departments such as business development, marketing, and human resources. He stated that a series of extremely unfortunate and unfair events occurring in April 2025, including ongoing market downturns, increasing competition, and constantly changing market dynamics, have made MANTRA’s cost structure unsustainable relative to recent actual conditions. This move aims to improve capital efficiency and focus more on core business.