dYdX laid off 35% of its workforce, including core contributors, as CEO Antonio Juliano returns from sabbatical.

dYdX Trading, the company behind the dYdX decentralized derivatives exchange, has laid off roughly 35% of its workforce, including members of its core contributor team, shortly after founder Antonio Juliano returned from a sabbatical to resume the CEO role. Juliano announced the cuts publicly, framing them as a strategic reset rather than a response to financial distress, and said the company had become different from what dYdX “must be,” prompting a move to a leaner, more focused organization. The firm is estimated to have had around 50 employees prior to the cuts, implying that dozens of staff across engineering and other functions were affected. The layoffs come at a time when dYdX has completed its migration from an Ethereum Layer 2 model to its own Cosmos-based appchain (dYdX Chain) and is competing for share in the decentralized perpetual futures market against platforms like GMX and Hyperliquid. Juliano’s return and subsequent restructuring suggest a renewed emphasis on aligning the team and product roadmap with the long-term vision for dYdX as a fully decentralized protocol, including clearer separation between the dYdX Trading company, the community-governed protocol, and the dYdX Foundation. The move also fits into a broader pattern of crypto firms adjusting headcount despite improving market conditions, indicating that operational discipline and organizational focus remain a priority even in a more bullish environment. {"entities":["dYdX","dYdX Trading","dYdX Chain","dYdX Foundation","Antonio Juliano","Cosmos","GMX","Hyperliquid","Consensys","Kraken"]}

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