BlockBeats News, on March 12, Jing Wang, CEO of OP Labs, tweeted that OP Labs will lay off 20 people to streamline operations, expedite decision-making, and reduce coordination costs. “This decision reflects a narrowing of our work focus rather than a break in the funding chain.”
According to the announcement, affected employees will receive three months of basic salary plus N+1 compensation, and medical insurance will continue for six months.
