OP Labs, the lead developer behind the Optimism ecosystem, has cut 20 roles as part of an internal restructuring intended to sharpen the company’s strategic priorities.
In a post on X, CEO Jing Wang said the layoffs were communicated to affected employees before being made public and followed internal discussions with staff. Wang stressed the move was designed to “narrow our focus” and improve decision-making — “do fewer things ... exceptionally well” — rather than being driven by cash concerns. In a Slack message shared alongside her post, she added: “This is not about finances. OP Labs is well capitalized with years of runway.”
The announcement comes as the OP token slipped roughly 3% over the past 24 hours. OP Labs is the primary developer supporting Optimism, an Ethereum layer-2 scaling network that moves transaction activity off the Ethereum main chain to reduce costs and increase speed. The Optimism stack underpins a growing ecosystem that includes prominent projects such as Coinbase’s Base, Uniswap’s Unichain and Sony’s Soneium.
CoinDesk reached out to OP Labs for additional comment and to clarify what percentage of the company’s workforce the 20 layoffs represent.
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