Woofun AI reports that Matter Labs, the developer behind zkSync, has executed a round of layoffs to streamline its organizational structure. CEO Alex Gluchowski disclosed that while the exact reduction percentage remains undisclosed, the move is a strategic response to evolving business requirements. Since 2024, the company has redirected its focus toward Prividium and institutional blockchain privacy infrastructure solutions for regulated financial entities. This pivot necessitated a realignment of skills and roles, rendering certain positions obsolete. Affected employees have been provided with financial support and transition assistance to mitigate the impact of the restructuring.