Blockchain project MANTRA has announced a company-wide restructuring that includes staff reductions, as prolonged market pressure continues to weigh on its ecosystem. The move comes amid a sharp decline in network activity and sustained weakness in the price of its native OM token.
MANTRA Announces Staff Cuts Amid Cost Pressures
MANTRA’s confirmed layoffs across multiple departments, citing an unsustainable cost structure following market challenges that began in 2025. Teams such as business development, marketing, and human resources were among the most affected. The restructuring is aimed at improving capital efficiency and ensuring the project can continue operating in a highly competitive environment.
In an X post on Wednesday CEO John Patrick Mullin announced ;
Sharp Decline in DeFi Activity and Token Performance
The platform’s decentralized finance ecosystem has contracted significantly. Total value locked has fallen to $864,857, down more than 80% from its peak above $4.5 million recorded last year. At the same time, the OM token remains approximately 99% below its all-time high, reflecting persistent bearish sentiment since the major selloff in April 2025.
Despite the downturn, MANTRA maintains its focus on building a sustainable real-world asset ecosystem. Management has signaled that clearer priorities and a leaner operating model will be outlined in the coming weeks. Recent steps include the launch of a treasury-backed stablecoin and reminders for users to migrate OM tokens to the native network.
The restructuring highlights the broader challenges facing smaller blockchain projects navigating extended market cycles.
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