Replace (April 20, 16:15 UTC): ConsenSys confirmed the layoffs in an announcement to CoinDesk, explaining they have been a results of the continued COVID-19 pandemic. The downsizing accounts for 14 p.c of its headcount, or simply over 90 individuals, the corporate stated.
ConsenSys is shedding dozens extra staffers, two individuals conversant in the matter inform CoinDesk.
Introduced at an organization city corridor Monday, the Brooklyn, N.Y.-based agency identified for incubating Ethereum tasks is chopping roughly 120 individuals, one of many sources stated. That is greater than 10 p.c of the agency’s headcount.
The transfer follows a spherical of layoffs announced in February. These cuts shrunk the agency’s headcount by roughly 14 p.c, the corporate stated on the time.
Led by Ethereum co-founder Joseph Lubin, ConsenSys laid off about 13 percent of its workforce in a late-2018 restructuring dubbed “ConsenSys 2.0.” The cuts in February 2020 have been associated to that strategic overhaul.
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