Lido Co-founder: Decided to reduce the size of the contributor team, affecting approximately 15% of employees

Lido co-founder Vasiliy Shapovalov said on X Platform last weekend: "To ensure long-term sustainability, Lido Labs, the Lido Ecosystem, and the Lido Alliance have made the difficult decision to reduce the size of our contributor team, impacting approximately 15% of our workforce. This decision is not performance-related and is purely based on cost considerations. It is a difficult decision, but one based on long-term resilience. While it may seem counterintuitive during a market rally, this move reflects our unwavering commitment to sustainable growth, operational focus, and alignment with the interests of LDO token holders. Lido is building for decades to come, and this adjustment will help solidify that foundation."