The Aztec Foundation cut its workforce by 55 percent, reducing staff from 33 to 15 employees, according to an announcement by co-founder Zac Williamson on July 29. This restructuring marks the project’s transition from an active development phase to a phase focused on network maintenance and security. The mainnet launched in January 2026 alongside the AZTEC token distribution, with the Alpha V5 upgrade deployed just eight days before the layoff announcement, improving private transaction processing times by over 50 percent while significantly reducing fees. The Foundation, formally established on February 13, 2025, will focus on network security and scalability, with Williamson serving as President and Chairman and Arnaud Schenk as Executive Director. The AZTEC token has shown no notable market reaction following the announcement.
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