ConsenSys Plans to Cut Upwards of 100 Staff

ConsenSys, the developer of the crypto wallet MetaMask, plans to lay off 100 staffers or more, according to Coindesk. It is reported that the planned cuts are understood to be in the process of being finalized, and the exact number is not known at this point.

Previously, crypto exchange Coinbase planned to lay off approximately 950 staffers to reduce operating expenses.