**Crypto News Flash: dYdX Cuts 35% of Staff, CEO Returns!**

Swiss decentralized trading platform dYdX has announced a 35% reduction in its workforce. CEO Antonio Juliano broke the news on X with a somber tone, but promised further explanation.

- **Leaner Team**: Juliano stressed that the layoffs were not due to financial concerns, but rather to create a more focused and driven team. "Today, I made the difficult decision to lay off 35% of the core dYdX team," he wrote.

- **Return to Roots**: Juliano also said that the company had deviated from its original vision and that the layoffs were necessary to bring "clarity" and "new spirit" to the project.

- **CEO Returns**: The cuts come a week after Juliano returned to lead dYdX after a six-month hiatus. He vowed to reinvigorate the platform that faces stiff competition.

- **New Opportunities**: Despite the layoffs, dYdX is still hiring for several positions, including a lead trade infrastructure engineer and a senior product designer.

Comment! What do you think about this move? 🚀