Brooklyn-based Ethereum (ETH) incubator and enterprise funding group ConsenSys has reportedly made extra cuts to its employees amid the continued coronavirus pandemic.
In line with a recent report by Coindesk, ConsenSys has laid off round 14% of its employees — 100 workers. This transfer was introduced to the corporate throughout an all-hands assembly on Zoom.
“Day-after-day we delay tough selections additional depletes our capability to understand our mission,” Joseph Lubin reportedly mentioned through the group assembly.
This information comes simply two months after ConsenSys reduced the variety of its workers by 14% in an effort to consolidate operations. The earlier layoffs got here as the corporate deliberate on splitting off the corporate’s software program growth arm because it makes an attempt to lift a brand new fund value $200 million.
ConsenSys plans to proceed to concentrate on early-stage startups, liquid digital property and different related funding alternatives. Moreover, the agency notes that will probably be spinning out plenty of internally developed startups within the close to future.
Extra: More layoffs at ConsenSys
Associated: ConsenSys Restructures to Help Raise $200 Million for a New Ethereum Venture Fund
Disclaimer: This text’s writer has cryptocurrency holdings that may be tracked here. This text is for informational functions solely and shouldn’t be taken as funding recommendation. All the time conduct your individual due diligence earlier than making investments.
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