MANTRA announces layoffs to address market challenges

Comparatively, MANTRA co-founder JP Mullin announced a company restructuring, including a reduction in team size. This restructuring mainly affects support positions such as business development, marketing, and human resources.

JP Mullin said that from 2024 to the first quarter of 2025, MANTRA invested heavily in real-time asset tokenization, blockchain and ecosystem construction. However, the adverse events of April 2025, continued market downturn, increased competition, and changes in market dynamics made the cost structure inconsistent with recent reality.

To improve capital efficiency, MANTRA plans to adopt a more streamlined operating model in 2026, concentrating resources and focusing on core business execution. The company has taken measures such as reducing unnecessary expenses and optimizing processes, but it still needs to adjust operations and future development paths through layoffs.