PANews reported on April 25 that Gitcoin co-founder Kevin Owocki posted on the X platform that Gitcoin will close its main software development department, Grants Lab, and lay off some team members. Behind this decision is the change in the ecological environment: the way public products are funded is evolving, the L2 ecosystem is gradually maturing, the collaboration mechanism is constantly innovating, and new competitors are constantly emerging. At the same time, key members of Grants Lab have left one after another, and the team lacks a clear and sustainable profit model in its current form, causing its financial expenditure to exceed its affordable range. Therefore, Grants Lab will no longer apply for the budget for the second half of 2025, and the remaining funds will be used to pay severance pay to affected employees. Gitcoin said they will do their best to support the transition of departing employees in a respectful and caring manner.