Lido reduces its team size by 15% to lay out for long-term sustainable development.

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[Chain News] On August 4, it was reported that Lido co-founder Vasiliy Shapovalov stated over the weekend: "To ensure long-term sustainable development, Lido Labs, the Lido ecosystem, and the Lido Alliance have made the difficult decision to reduce the size of the contributor team, with about 15% of employees being affected. This decision is unrelated to work performance and is purely based on cost considerations. It is a tough decision, but it is made with long-term resilience in mind. Although making such a decision during a market uptrend may seem counterintuitive, this move reflects our firm commitment to sustainable growth, operational focus, and alignment with the interests of LDO holders. Lido is laying the groundwork for development over the next several decades, and this adjustment will help solidify that foundation."

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TokenSherpavip
· 08-05 01:33
actually, historical data indicates this is a governance vector inflection point...
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EthSandwichHerovip
· 08-04 14:47
The boss is still ruthless, cutting losses and sacrificing employees.
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StealthDeployervip
· 08-04 06:32
Is layoffs not compatible with an upward market?
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DaoResearchervip
· 08-04 03:46
From an economic perspective, it's surprising that Lido, which has a market share as high as 80%, is actually panicking.
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CryptoGoldminevip
· 08-04 03:45
It is recommended to decide on the extent of layoffs based on the TVL data.
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AirdropBuffetvip
· 08-04 03:43
Hehe, cutting costs and laying people off, huh?
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CoinBasedThinkingvip
· 08-04 03:40
When will the brick-moving dog be able to stand up?
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LeekCuttervip
· 08-04 03:19
Bull run layoffs, this genius move
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