Mantra Slashes Staff and Restructures After OM Token Crash

Mantra has announced major layoffs and restructuring after a 90% collapse in OM token value and a sharp drop in total value locked, aiming to optimize resources and focus on sustainability.

Mantra, a blockchain project focused on real-world assets, has announced significant layoffs and a major restructuring following a severe financial crisis and a dramatic collapse of its OM token in 2025. The company experienced a 90% drop in OM's value in April 2025, attributed to forced liquidations and low liquidity, which erased billions in market capitalization and undermined confidence in the project. In response, Mantra has cut staff across marketing, business development, human resources, and support teams, aiming to optimize resources and align with a new strategic direction. The restructuring is intended to create a leaner, more capital-efficient organization, with a renewed focus on disciplined execution and real-world asset tokenization. The total value locked in Mantra's protocol has also plummeted, falling from over $4 million to under $865,000, reflecting the broader challenges facing the company. Despite OM trading near $0.08, far below its previous highs, Mantra hopes that increased transparency and a focus on long-term sustainability will help guide its recovery.