Matter Labs announces layoffs and shifts focus entirely to enterprise-grade privacy infrastructure

TechFlow News, June 17: Alex | ZK (@gluk64), co-founder of Matter Labs, announced that Matter Labs has today downsized its team. Alex stated that this restructuring stems from the company’s strategic pivot—since 2024, Matter Labs has focused on serving regulated financial institutions, leading to the spin-off of the Prividium project, which aims to build privacy-first onchain infrastructure for enterprises and regulated financial institutions. As the business focus deepens, the required skill set has shifted, prompting this round of layoffs.