MANTRA announces layoffs involving multiple departments

Foresight News reports that MANTRA CEO JP Mullin tweeted that MANTRA will undergo a restructuring after a difficult year, including a reduction in team size. The layoffs will involve multiple departments such as business development, marketing, and human resources. He stated that a series of extremely unfortunate and unfair events that occurred in April 2025, including ongoing market downturns, increasing competition, and constantly changing market dynamics, have made MANTRA’s cost structure unsustainable relative to recent actual conditions. This move aims to improve capital efficiency and focus more on core business.