Lido Joint Creation: Decided to reduce the size of the contributor team, affecting approximately 15% of employees

Lido co-founder Vasily Shapovalov said on the X platform last weekend:; To ensure long-term sustainable development, Lido Labs, Lido Ecosystem, and Lido Alliance have made a difficult decision to reduce the size of their contributor teams, which will affect approximately 15% of their employees. This decision is not related to job performance, but purely based on cost considerations. This is a difficult decision, but it is based on considerations of long-term resilience. Although making such a decision during the market upswing may seem counterintuitive, it reflects our firm commitment to sustainable growth, operational focus, and alignment with the interests of LDO token holders. Lido is laying out its development plan for the next few decades, and this adjustment will help consolidate this foundation. ”