Oisin Kyne, co-founder of Obol Labs, has taken over as CEO, and approximately 30% of the company's workforce has already been laid off.

According to Foresight News , Oisin Kyne, co-founder of blockchain developer Obol Labs, has announced his appointment as CEO. The team has also laid off 30% of its staff to extend its cash runway and prepare for a potentially longer bear market and high-interest-rate environment. Oisin stated that institutional clients have long conversion cycles but extremely high demands for security and risk-adjusted returns, a pattern that will also apply to the Ethereum staking market. The company stated that this restructuring aims to safeguard its long-term goal of "providing a secure infrastructure for the Ethereum economy."