Matter Labs announces layoffs and shifts focus entirely to enterprise-grade privacy infrastructure

Alex, co-founder of Matter Labs | ZK (@gluk64), announced that Matter Labs has today announced a reduction in its team size. Alex stated that this adjustment stems from the company’s strategic pivot—starting in 2024, Matter Labs began focusing on serving regulated financial institutions, leading to the spin-off of the Prividium project, which aims to build privacy-first onchain infrastructure for enterprises and regulated financial institutions. As the business direction deepens, the required skill set has shifted, and this layoff is directly tied to that evolution.