The zkSync team can no longer bear it either; institutional narratives have replaced retail frenzy, and the winter of Web3 is longer than expected.

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CoinNetwork
Crypto news, Matter Labs CEO Alex Gluchowski stated that the company has laid off some employees. Starting in 2024, the company will focus on building products for regulated financial institutions, and is now fully concentrating on Prividium and institutional on-chain privacy infrastructure business. As customer demands change, the company needs to adjust skill sets and job allocations, leading to the decision to lay off staff. Departing employees will receive financial support and assistance with job transitions.
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