Matter Labs has announced layoffs as it shifts its focus entirely to its institutional on-chain privacy infrastructure business. CEO Alex Gluchowski revealed the decision on the X platform, explaining that since 2024, the company has concentrated on developing products for regulated financial institutions, particularly through its Prividium initiative. The evolving business needs have necessitated changes in required skills and roles, prompting the layoffs. Departing employees are receiving financial support and assistance with their transition.