Ethereum

ConsenSys confirms that it is laying off 13% of its staff

December 6, 2018, 2:56PM EDT

ConsenSys, the Ethereum production studio, is letting go of 13% of its staff, according to CoinDesk. “Excited as we are about ConsenSys 2.0, our first step in this direction has been a difficult one: we are streamlining several parts of the business including ConsenSys Solutions, spokes, and hub services, leading to a 13% reduction of mesh members," ConsenSys said in a company-wide announcement. This announcement comes after founder Joe Lubin stated that the ConsenSys is seeking to "run leaner projects because often better decisions are made in a context of more constrained resources." (Source: CoinDesk