Matter Labs, the company behind Ethereum scaling network ZKsync, has laid off over 16% of its staff due to changing market demands. The restructuring decision was made after a large organizational planning exercise revealed that the current talent and roles did not align with the company's needs. The layoffs affected 24 employees, but Matter Labs is still hiring for critical positions.
The Celestia fire sparked widespread discussion about modular blockchains. In fact, modular blockchain has always been an important part of the application chain narrative and is not a new thing.