- Optimism Labs joinsed a host of crypto firms to lay off employees in 2026.
- The CEO said it had nothing to do with being undercapitalised.
- JPMorgan, BlackRock and other institutions are on a crypto hiring spree.
Optimism Labs, one of the most active organisations scaling the Ethereum blockchain, is downsizing operations, according to its CEO.
In an internal Slack message shared on social media on Thursday, Jing Wang said that the company was letting go of 20 employees.
“This is about doing fewer things well, making decisions faster, and reducing coordination overhead,” he said.
Parting employees will get between three and five months of base pay as severance, as well as six months of healthcare benefits.
OP Labs builds the layer 2…
