Optimism has reportedly conducted significant layoffs, impacting more than 20% of its team, according to internal sources familiar with the situation.
Reports suggest that the layoffs began circulating internally on Tuesday, affecting staff across various teams involved in protocol development and ecosystem initiatives. The exact number of employees affected has not been officially confirmed.
Some employees have started acknowledging the layoffs on social media.
I was impacted by layoffs at Optimism today
I’m grateful for the 5 months working on protocol scaling across the OP Stack with the Scaling Summit at ETHDenver as my top highlight
I’ve been building in crypto since 2019 and don’t plan on stopping
Open to PM roles and consulting…
— Wil Schmor (@theschmor) March 11, 2026
OP Token Suffered a Massive Blow in the Bear Market
The layoffs coincide with a challenging period for the project’s token. The OP token has experienced a sharp decline in recent months and is currently trading around $0.12, down more than 55% year-to-date, according to market data.
Optimism is a prominent Ethereum Layer-2 network designed to scale the Ethereum ecosystem using optimistic rollup technology.
The project also spearheads the OP Stack infrastructure initiative, which supports various chains within the emerging “Superchain” ecosystem, including networks like Base.
Optimism Token Price Chart Year-to-Date. Source: CoinGecko
It remains unclear whether the layoffs are part of broader restructuring efforts, influenced by market conditions, or linked to internal strategic adjustments regarding the Superchain roadmap.
Optimism has not released an official statement regarding the reported layoffs.
This is a developing story. We will update this report as more information becomes available or if Optimism issues an official response.
The post Ethereum Layer-2 Optimism Reportedly Cuts Over 20% of Team appeared first on BeInCrypto.
