OP Labs will lay off 20 employees to streamline operations and reduce coordination costs.
Foresight News reported that OP Labs CEO Jing Wang tweeted that OP Labs will lay off 20 employees to streamline operations, accelerate decision-making, and reduce coordination costs. "This decision reflects a narrowing of our focus, not a break in our funding chain." Affected employees will receive three months of base salary and N+1 compensation, and health insurance will be extended for six months.
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