MANTRA initiates restructuring and layoffs, CEO details strategic adjustments to address market challenges

2026-01-14 11:18:10

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【Blockchain Rhythm】MANTRA officially announces the launch of a restructuring plan. The project’s CEO JP Mullin recently confirmed that the company will undergo a round of personnel optimization and organizational streamlining. This adjustment involves multiple departments including business development, marketing, and human resources.

What the hell has driven this project to the brink? According to Mullin, a series of blows experienced last year directly hit the core—ongoing market downturn, increasing competitive pressure, rapid changes in market landscape… These factors combined have made MANTRA’s original cost structure unsustainable. Simply put, revenue can’t keep up with expenses, and if this continues, the books won’t balance.

From a strategic perspective, the main goals of MANTRA’s move are twofold: first, to improve capital efficiency; second, to focus the team’s efforts more on core business. This approach is not uncommon in the crypto market—when the environment is tough, survival often takes precedence over expansion. Streamlining and focusing on main business can help the project get through difficult times and prepare for the next phase.

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ZeroRushCaptain

· 9h ago

Income can't keep up with expenses, isn't that just a reflection of me last year, haha. --- Another "strategic adjustment," in plain English, means I can't hold on anymore and am starting to shed burdens. --- Improve capital efficiency? Just listen to that phrase, in elegant terms it means it's time to go bankrupt. --- Staying alive rather than growing big—I’m tired of hearing this, but I still can't survive without it. --- Layoffs, in a more sophisticated way, are called "personnel optimization," but here we call it bottom-fishing and cutting losses. --- Market downturn, fierce competition, you think only MANTRA is suffering? Our accounts have long been wiped clean. --- It's always the same story: continued downturn, fierce competition, rapid change... this script is repeated every year; the crypto world is the best at storytelling. --- Focusing on core business, translated, means cutting everything else. This is a truth I’ve summarized. --- Wait, isn’t this telling me there's a signal to short? --- Unsustainable cost structure? My mindset has been unsustainable for a long time; I’ve been lying flat for three years.

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DeFiCaffeinator

· 9h ago

Once again, it's a self-rescue where "surviving is more important than expanding." How many times have you heard this rhetoric... Ultimately, it's about who can endure until the next bull market.

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DefiVeteran

· 9h ago

Another round of layoffs. Who in this circle isn't optimizing costs now... Honestly, it's still because last year we couldn't make money. Now we have to cut expenses to support the facade.

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RektButAlive

· 9h ago

Another round of layoffs, I'm tired of hearing this excuse Income can't keep up with expenses but still boast about core business, hilarious MANTRA really has no cards left, can only slim down to survive Survive rather than grow? Sounds nice, but it just means no money left So arrogant before, now have to bow their heads and be humble

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StakeHouseDirector

· 9h ago

This round is just being forced to downsize, there's no other way. Copying homework, layoffs + focusing on core, this kind of rhetoric is everywhere. Another "strategic adjustment," just listen, who doesn't know the real situation? Not aiming to grow big, just aiming to survive—this is the true portrayal of Web3 haha. Whoever can survive until next year is already considered a winner. They've dismantled a bunch of departments, but what's left at the core... it's a bit uncertain.

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