Lido lays off 15% of workforce for 'long-term sustainability'

Ethereum liquid staking protocol Lido cut 15% of its workforce across Lido Labs, Lido Ecosystem, and Lido Alliance to reduce costs and ensure "long-term sustainability."

Co-founder Vasiliy Shapovalov emphasized that the layoffs were cost-driven, not performance-related, despite the current DeFi resurgence.

"This is a difficult decision, but one rooted in long-term resilience," Shapovalov said. "While it may seem counterintuitive amid a market upswing, the move reflects a deliberate commitment to sustainable growth, operational focus, and alignment with the priorities of LDO tokenholders."

Lido remains a key player in the liquid staking niche with $31 billion locked, even as its LDO token slid 21.6% over the past week.