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OP Labs Restructures, Layoffs 20 Employees

Published 2 weeks, 5 days ago
Description

OP Labs, developer of Optimism network, restructures, laying off twenty employees. CEO clarifies no financial issues, aiming to streamline operations and excel in fewer projects. OP token drops three percent amid market shifts. Optimism powers Ethereum layer-two scaling, supporting chains like Coinbases Base, Uniswaps Unichain, and Sonys Soneium. More details awaited as the focus shifts to adapting to ecosystem changes.

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