Lido lays off 15% of its staff due to cost pressures

BlockBeats News, August 4th, Lido co-founder Vasiliy Shapovalov announced in a post that, due to cost considerations, Lido Labs, Lido Ecosystem, and Lido Alliance have made the difficult decision to reduce their workforce by about 15%. This adjustment was not due to performance issues, and the affected individuals were all key members who had been deeply involved in protocol and community development.

Shapovalov stated that, although the market is currently in an upward phase, this decision reflects a commitment to long-term resilience and sustainable growth. It aims to focus on operational priorities, optimize resource allocation, and align with the interests of LDO token holders.