In the past month, Matís' senior management had to take action, partly due to the strengthening of the Icelandic króna and results from international competition funds. In this context, it is worth noting that, unlike many government entities, Matís is for the most part run on self-funding and a significant part of that money is due to international research projects, which have been the basis for Matís' recent growth. years.
The measures in July consisted primarily of cutting expenses and streamlining operations so that Matís would not be operating at a loss in 2017, but responsible operations have always characterized Matís.
In the run-up to the operations, all cost items were carefully examined. As in other knowledge companies, the largest cost item in Matís' operations is wage costs. The goal of streamlining was not possible to achieve solely through restraint in other costs, such as travel costs, purchases of inputs and slower renewal of equipment. The result was the dismissal of eight employees, as well as even more restraint than previous plans had anticipated in the aforementioned cost items.