Mantra, a blockchain project focused on real-world assets, has announced a major restructuring after a difficult 2025 marked by sharp market pressure and a severe token decline.
The company said the changes follow what leadership described as the most challenging year in its history, as its existing business model came under strain.
Chief executive John Patrick Mullin confirmed the move to a leaner and more capital-efficient structure after a period of rapid expansion.
The restructuring includes staff reductions across several departments and a broader streamlining of internal operations.
Mullin said the decision was aimed at aligning the company more closely with current market realities rather than pursuing growth at all costs.
I take full accountability for these decisions and for the path that led us here, and I know this is an incredibly challenging situation for those directly impacted.
John Patrick Mullin said.
He added that the changes were driven by a strategic reset rather than a narrow effort to cut costs.
Mullin told Cointelegraph that while the layoffs would reduce expenses and extend the firm’s financial runway, the primary goal was to sharpen execution.