OP Labs will lay off 20 employees to streamline operations and reduce costs and increase efficiency.

CoinFeed reported on March 12 that OP Labs CEO Jing Wang stated on the X platform that OP Labs will lay off 20 employees to streamline operations, expedite decision-making, and reduce coordination costs. This decision reflects a reduction in project focus, not a break in the funding chain. Affected employees will receive three months' base salary and N+1 compensation, and their health insurance will be extended for six months.