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dYdX has announced the departure of several team members, including members of the core team.
dYdX chief executive Antonio Juliano announced layoffs affecting 35% of the core team as part of a restructuring to align the company with its future goals. In a <a href="https://dydx.exchange/blog/letting-go" target="_blank" rel="noopener noreferrer nofollow">blog post</a> on Oct. 29, Juliano thanked departing employees for their contributions and acknowledged the strong community built within the company.
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “You have been dedicated teammates through the good and bad. You continued to build dYdX, even when I did not.”
 Antonio Juliano
</blockquote>
Per Juliano’s statement, the decision to let go “was a realization that the company we’ve built is different from the company dYdX must be.” He did not specify which roles or departments were impacted by the reorganization.
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The reasoning behind this move remains unclear, but it comes shortly after Juliano’s return as dYdX CEO just a few weeks ago, following a six-month hiatus. Upon his return, Juliano highlighted the necessity of founder-led leadership to revitalize the company amid heightened competition and market challenges.
Juliano originally&nbsp;<a href="https://crypto.news/dydx-founder-step-down-ceo-chairman/" target="_blank" rel="noopener noreferrer nofollow">stepped down</a>&nbsp;as CEO in May to take on the roles of chairman and president at dYdX Trading. During his absence, Ivo Crnkovic-Rubsamen, previously the operating partner of dYdX, took over as CEO. The current status of Crnkovic-Rubsamen within the organization remains unclear.
Founded in 2017, dYdX is a decentralized exchange that enables users to trade crypto and engage in various financial services, such as margin trading and lending, without the need for a centralized intermediary like rivals such as Coinbase or Binance.
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dYdX fires 35% of workforce just two weeks after CEO returns

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