Lido Slashes 15% of Staff, Cites Operational Cost Concerns

Lido Slashes 15% of Staff, Cites Operational Cost Concerns

One of the leaders in the liquid staking scene has undergone a cutback in its workforce necessary to fuel further development. It is unusual for such events to occur when the markets are booming, but it is sometimes inevitable. Toning Down for Sustainability One of the co-founders of the Ethereum staking protocol, Lido, Vasiliy Shapovalov, shared the unfortunate announcement on the social media platform X earlier today. Several people have alrea…

Lido Trims 15% Of Staff In Bid To Sharpen Focus Amid Crypto Recovery - FinanceFeeds

Lido, the largest liquid staking protocol on Ethereum, has let go of 15% of its contributors in what its co-founder described as a move to ensure “long-term sustainability”. The decision affects contributors across the Lido DAO ecosystem, including Lido Labs and affiliated service providers. While layoffs are an increasingly familiar story in crypto, Lido’s timing raised eyebrows — coming just as sentiment across digital assets has begun to thaw…

Lido in Crisis? LDO Token Shows Sharp Weekly Drop Amid Mass Layoffs - Crypto Economy

TL;DR Lido laid off 15% of its workforce to boost sustainability, sparking concerns about internal stability. LDO token dropped over 21% in a week, despite strong protocol metrics and recent technical upgrades. Community reactions are divided, with some praising the move and others fearing deeper structural issues. Ethereum staking heavyweight Lido is facing turbulence after announcing a significant workforce reduction and experiencing a sharp …

Lido Lays Off 15% of its Staff

Lido Lays Off 15% of its Staff Ethereum liquid staking protocol Lido will reduce its workforce by 15% to strengthen its long-term viability.