MANTRA announces layoffs to address market challenges

MANTRA co-founder JP Mullin announced a company restructuring, including a reduction in team size. This restructuring primarily affects support positions in business development, marketing, human resources, and more.

JP Mullin stated that from Q1 2024 to Q1 2025, MANTRA made significant investments in real-time asset tokenization, blockchain, and ecosystem development. However, adverse events in April 2025, ongoing market downturns, increased competition, and changes in market dynamics have made its cost structure inconsistent with recent realities.

To improve capital efficiency, MANTRA plans to adopt a more streamlined operational model in 2026, concentrating resources and focusing on core business execution. The company has already taken measures to cut unnecessary expenses and optimize processes, but further adjustments through layoffs are necessary to align operations with future development paths.