Lido wants to reduce its contributor teams’ workforce by 15%

Description

Lido plans to cut costs and reduce its workforce by 15%, according to an X post by Vasiliy Shapovalov, the protocol’s co-founder. In the post, Shapovalov said that Lido Labs, Lido Ecosystem, and Lido Alliance would downsize their contributor teams, resulting in a 15% reduction in total workforce. He clarified that the decision was about saving costs. He wrote: “This decision was about costs — not performance. It affects incredibly talented people who helped shape the protocol and community.” Sha...