According to ChainCatcher, MANTRA co-founder JP Mullin announced a company restructuring, including team downsizing. This restructuring primarily affects support roles in business development, marketing, and human resources.
JP Mullin stated that MANTRA invested heavily in real-time asset tokenization, blockchain, and ecosystem building from 2024 to the first quarter of 2025. However, adverse events in April 2025, the continued market downturn, increased competition, and changing market dynamics have caused its cost structure to become inconsistent with recent realities.
To improve capital efficiency, MANTRA plans to adopt a leaner operating model in 2026, concentrating resources and focusing on core business execution. The company has already taken measures such as cutting non-essential spending and optimizing processes, but layoffs are still necessary to adjust operations and future development path.
