Dydx CEO Announces Layoffs of 35% of Core Team Amid Strategic Shift

Dydx, the decentralized finance platform, has announced a significant restructuring, with CEO Antonio Juliano revealing the difficult decision to lay off 35% of its core team as part of a strategic shift to align with the company’s evolving goals. In a heartfelt blog post, Juliano acknowledged the dedication and contributions of the departing team members who have played vital roles in building the platform. He emphasized that the company moves forward with renewed clarity and passion, it aims to adapt to the changing landscape of the cryptocurrency market while continuing to innovate and create impactful products. This news comes soon after Consensys reiterated its commitment to Ethereum despite a 20% workforce cut, highlighting the ongoing challenges within the ETH ecosystem.