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Lido Co-founder: Decision to Reduce Contributor Team Size, Around 15% of Employees Affected
Summary: In a recent announcement, Lido co-founder Vasiliy Shapovalov stated on X platform over the weekend: "To ensure long-term sustainability, Lido Labs, the Lido ecosystem, and the Lido Alliance have made the difficult decision to reduce the contributor team size, affecting around 15% of employees. This decision is not based on performance, but purely on cost ...
In a recent announcement, Lido co-founder Vasiliy Shapovalov stated on X platform over the weekend: "To ensure long-term sustainability, Lido Labs, the Lido ecosystem, and the Lido Alliance have made the difficult decision to reduce the contributor team size, affecting around 15% of employees. This decision is not based on performance, but purely on cost considerations. It is a tough decision, but one made with long-term resilience in mind. While making such a decision during a bullish market may seem counterintuitive, it reflects our firm commitment to sustainable growth, operational focus, and alignment with LDO token holders' interests. Lido is positioning itself for development over the next few decades, and this adjustment will help solidify that foundation."
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Link: Lido Co-founder: Decision to Reduce Contributor Team Size, Around 15% of Employees Affected [Copy]
