MANTRA has announced layoffs across several departments as part of a restructuring plan, according to CEO JP Mullin. The affected areas include business development, marketing, and human resources. Mullin cited a challenging year marked by a prolonged market downturn, increased competition, and evolving market dynamics as reasons for the decision. The restructuring aims to enhance capital efficiency and refocus on core business operations. The company faced significant challenges in April 2025, which led to an unsustainable cost structure, prompting the need for these changes.