Lido Reduces Workforce by 15%

The team behind the liquid staking platform Lido has reduced its staff by approximately 15%, according to co-founder Vasiliy Shapovalov.

As part of efforts to ensure long-term sustainability, Lido Labs, Lido Ecosystem, and Lido Alliance have made the hard decision to reduce the size of their contributor teams, impacting around 15% of the workforce.

This decision was about costs — not performance. It affects…

— Vasiliy Shapovalov (@_vshapovalov) August 1, 2025

According to him, the decision is related to cost optimization rather than employee performance. Shapovalov described the move as “difficult but necessary” for Lido’s long-term sustainability.

He noted that the layoffs are occurring amid market growth but are part of a strategy aimed at development “for decades to come.” The team will focus on operational efficiency and growth in line with the interests of LDO token holders.

The Lido co-founder emphasized that the layoffs affected “incredibly talented people.” He invited companies seeking employees to contact a team representative for recommendations.

According to DeFi Llama, Lido ranks first in the liquid staking niche. The total value locked in the protocol amounts to $31.4 billion.

In July, ConsenSys announced the layoff of 47 people amid the growing crypto market.