Software developer ConsenSys has confirmed a cut of around 11% of staff. The optimization affected 96 employees.
Today we need to make the extremely difficult decision to streamline some of ConsenSys’ teams to adjust to challenging and uncertain market conditions.https://t.co/Svuk9yYj6J
1/10
— Joseph Lubin (@ethereumJoseph) January 18, 2023
Company founder Joseph Lubin listed the factors that influenced this decision.
“The current bear market has coincided with a very challenging macro environment driven by rising inflation, lagging economic activity and increased geopolitical unrest,” he wrote.
Going forward, ConsenSys will focus its business on “core value drivers” including the MetaMask wallet and Infura platform.
“Some of the unscrupulous participants in the segment CeFi have incurred retribution, which has cast a shadow over our ecosystem that we will all need to deal with. But in the end it will become a positive factor,” says Lyubin.
Earlier, the media reported on ConsenSys plans to lay off more than 100 employees.
Recall that last week the Crypto.com cryptocurrency platform announced a 20% reduction in staff. The decision was made amid unfavorable market conditions and “recent developments in the industry.”
Read CryptoNewsHerald bitcoin news in our Telegram – Cryptocurrency news, courses and analytics.
Found a mistake in the text? Select it and press CTRL+ENTER
Comments (No)