CEO Alex Gluchowski said the zkSync developer is concentrating resources on Prividium for regulated financial institutions, with layoffs tied to changing skill needs rather than employee performance.
Matter Labs has cut staff as the zkSync developer concentrates resources on Prividium, an enterprise privacy infrastructure project incubated from work with regulated financial institutions since 2024. Co-founder and CEO Alex Gluchowski said the layoffs stem from changing skill requirements under the strategic shift rather than employee performance. He said affected employees will receive financial compensation and career-transition support, underscoring the company’s narrower focus on privacy-focused blockchain infrastructure for compliance-sensitive financial users.