Lido Cuts 15% of Workforce for Long-Term Sustainability

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Lido, a prominent Ethereum liquid staking protocol, has announced a significant workforce reduction, cutting approximately 15% of its contributor teams across Lido Labs, Lido Ecosystem, and Lido Alliance. Co-founder Vasiliy Shapovalov stated the decision was driven by a need for long-term sustainability and cost management, rather than performance issues. This move comes despite a recent market upswing, signaling a strategic focus on resilience and sustainable growth.

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