Ethereum development firm ConsenSys confirms job cuts, with CEO ethereumJoseph taking a shot at CeFi. IanAllison123 reports
“Today we need to make the extremely difficult decision to streamline some of ConsenSys’ teams to adjust to challenging and uncertain market conditions,” wrote Lubin. “This decision will impact a total of 97 employees, which represents 11% of ConsenSys’ total workforce.”
The New York City-headquartered ConsenSys, which currently has about 900 employees, is just one of the many crypto companies forced to lay off staff in a grinding bear market that has claimed an estimatedLubin underscored the financial strength of ConsenSys, saying the difficult decision to streamline would focus the firm’s strategy on its core products and exploring new opportunities in Web3 commerce as it evolves into the mainstream.
“If we hadn’t had such ridiculous behavior and such a cataclysmic collapse in the CeFi part of our ecosystem, then my guess is those CeFi actors would have continued to play their games and continue to get away with it,” he said.
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