The Lido Finance staking protocol, operating within the Ethereum ecosystem, has announced a 15% reduction in its workforce as part of a major reorganization. This was reported by co-founder Vasyl Shapovalov, who emphasized that the decision affected various departments within the organization.
This is reported by Business • Media
Reasons for the Reduction and Strategic Plans
According to Lido Finance’s management, the staff reduction is part of efforts to optimize costs and strengthen the long-term stability of the project. Vasyl Shapovalov clarified that these changes are solely related to cost issues and not team performance, and will help lay a solid foundation for the company’s development in the coming decades.
“As part of efforts to ensure the long-term sustainability of Lido Labs, Lido Ecosystem, and Lido Alliance, we made the difficult decision to reduce team sizes, affecting approximately 15% of the workforce,” Shapovalov wrote on his X page.
He also thanked all employees affected by these changes for their contributions to the growth of Lido. However, Shapovalov did not specify how these measures would impact the platform’s sustainability and its future development.
Trends in the Staking Market
In May 2025, it was reported that Vasyl Shapovalov, along with another co-founder of Lido Finance, Kostiantyn Lomashuk, invested in the project Symbiotic, which positions itself as a competitor to EigenLayer. It is worth noting that staff reductions are not only occurring at Lido: in July 2025, EigenLayer’s developer, Eigen Labs, also cut 25% of its workforce.
Eigen Labs simultaneously announced a shift in focus to its EigenCloud product. Changes in teams and restructuring are taking place against the backdrop of U.S. regulators considering the possibility of adding staking to spot Ethereum ETFs, which could significantly impact the industry in the future.