Vasiliy Shapovalov states the layoffs are a strategic move for future resilience, not a reflection of employee performance, despite market growth.
Lido co-founder Vasiliy Shapovalov announced a 15% workforce reduction across Lido Labs, the Lido Ecosystem, and Lido Alliance, citing cost considerations rather than performance issues. This decision aims to ensure long-term sustainability and align with the interests of LDO token holders, even amidst a market uptrend.