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Lido cuts 15% due to cost pressures

According to online reports, Lido co-founder Vasiliy Shapovalov issued a document announcing that due to cost considerations, Lido Labs, Lido Ecosystem and Lido Alliance made the difficult decision to lay off about 15% of their employees. This adjustment was not due to performance issues. Those affected were all important members who had been deeply involved in the agreement and community building. Shapovalov said that although the market is in an upward phase at this time, this decision reflects a commitment to long-term resilience and sustainable growth, aiming to focus on operational priorities, optimize resource allocation, and be consistent with the interests of LDO holders.

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