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MANTRA Announces Layoffs Impacting Multiple Functional Departments

2 hours ago

On January 14, MANTRA CEO JP Mullin took to Twitter to announce the company will undergo restructuring—including a headcount reduction—following a challenging year. The layoffs will impact multiple teams, including business development, marketing, and human resources, among others. The company cited a series of extremely unfortunate events in April 2025—including a prolonged market downturn, intensifying competition, and shifting market dynamics—that have rendered its cost structure unsustainable amid current circumstances. This move aims to boost capital efficiency and sharpen focus on MANTRA’s core business.
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