DYDX lays off 35% of its core team

DYDX, the firm that is developing an on-chain crypto derivatives exchange has let go of 35% of its core team. Chief executive officer Antonio Juliano announced on Tuesday that the decision was essential to align the company’s structure with its evolving needs.

This also comes following the significant changes in the company this year following Juliano’s temporary exit and return to the company’s leadership role earlier this month.

In a blog post, Juliano revealed that the company now “have the team we need going forward, but first we say goodbye to those who have left.” He reiterated that the current company was different from what it should be to succeed in the future.

This is a developing story