Ethereum Development Company ConsenSys Confirms 11% Layoffs

ConsenSys CEO Joe Lubin announced that ConsenSys will lay off 96 employees, which represents 11% of its total workforce, in order to adapt to challenging and uncertain market conditions.

In addition, ConsenSys said it will continue to focus on expanding its core products and building a new crypto-native revenue model this year while reducing operating expenses, and will continue to invest strategically in growth areas and new opportunities.