MANTRA's leadership recently announced a major decision—initiating an organizational restructuring plan. According to CEO JP Mullin, the company will undergo a scale adjustment involving multiple departments such as business development, marketing, and human resources.
There is a deep market logic behind this move. After experiencing a series of unexpected events last year, MANTRA found itself facing multiple pressures: a persistently sluggish market, increasing competitors, and rapid changes in industry dynamics. In this challenging environment, the company's original cost structure became unsustainable, and profit margins were severely squeezed.
The management's idea is straightforward—by streamlining the organization to improve capital efficiency and focusing more resources on core businesses. In other words, this is a "slimming down" effort aimed at surviving more lightly amid market fluctuations.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
10 Likes
Reward
10
4
Repost
Share
Comment
0/400
WhaleShadow
· 4h ago
Here comes the "slimming" again, can you still bloom?
View OriginalReply0
NFTArtisanHQ
· 4h ago
so mantra's doing the classic "right-sizing" dance... one might argue this structural contraction mirrors the deflationary pressures we've seen across web3 ecosystems when the speculative layer collapses, leaving only the primitives worth examining. the real question isn't the layoffs—it's whether they're trimming fat or cutting into the essential tokenomics of their operation.
Reply0
SatoshiNotNakamoto
· 5h ago
It's starting to lay off employees again, this time it's MANTRA.
JP's words sound nice, but in reality, it's all about tight cash flow.
That's how a bear market works: first cut costs, then come back to life; otherwise, it's game over.
View OriginalReply0
BlockDetective
· 5h ago
Another round of layoffs and restructuring. I've seen this routine many times before.
Basically, they just can't hold on anymore. All that talk about efficient resource allocation—it's just because they're out of money.
MANTRA's leadership recently announced a major decision—initiating an organizational restructuring plan. According to CEO JP Mullin, the company will undergo a scale adjustment involving multiple departments such as business development, marketing, and human resources.
There is a deep market logic behind this move. After experiencing a series of unexpected events last year, MANTRA found itself facing multiple pressures: a persistently sluggish market, increasing competitors, and rapid changes in industry dynamics. In this challenging environment, the company's original cost structure became unsustainable, and profit margins were severely squeezed.
The management's idea is straightforward—by streamlining the organization to improve capital efficiency and focusing more resources on core businesses. In other words, this is a "slimming down" effort aimed at surviving more lightly amid market fluctuations.