Just saw Obol Labs shaking things up - their co-founder Oisin Kyne stepped in as CEO and they're cutting 30% of staff. Honestly, this kind of restructuring is becoming a pattern in the space. They're saying it's about extending runway during the bear market and high rates, which makes sense. The reasoning they gave was interesting though - they're pointing out that institutional clients have crazy long conversion cycles and demand super tight security standards. Seems like a realistic take on where the Ethereum staking infrastructure market is heading. Tough timing for layoffs but probably necessary if they want to survive a prolonged downturn. Anyone else noticing more crypto companies doing similar cuts lately?

ETH-1.57%
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