Why Is OP Labs Laying Off 20% of Its Staff?

[cryptoenthusiast]

Q: Why are employees leaving OP Labs?
A: OP Labs CEO Jing Wang confirmed that 20% of the company’s workforce is departing. He emphasized that the decision is a strategic pivot rather than a response to financial stress. The company remains well-capitalized with years of runway. The goal is to focus on fewer initiatives but execute them at a higher level, while reducing coordination overhead across teams.

Q: What support is offered to departing employees?
A: Affected staff will receive a minimum of three months’ base pay, additional compensation based on tenure (up to five months), and six months of healthcare continuation. They also keep their laptops, and Wang has personally offered to help with resume referrals and introductions to open roles at other companies.

[nihalsari]

three to five months’ pay + healthcare + laptop + referrals not bad, OP Labs is treating exits like civilized humans lol