First Ethereum’s Investor Initiates Massive Layoffs
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This time the issue affected ConsenSys, a crypto-related company, where massive layoffs just around the corner. According to anonymous but frequent reports, the ConsenSys employees have received an email from the Founder & CEO of ConsenSys — Joseph Lubin. As it says, Lubin in his message paid attention to words like “refocusing priorities” in order to modernize the company’s architecture.

Lubin sent an email approximately to 1,200 employees on Friday night. He also described the possible layoffs as the vision for what “ConsenSys 2.0.” The upcoming staff cuts are quite ambiguous given the fact that earlier ConsenSys acquired American asteroid mining company Planetary Resources and invested approximately $6.5 million in the startup of the former top manager of R3 Tim Grant, DrumG.

Moreover, earlier, ConsenSys created the “ConsenSys Grants” program, which will be focused on supporting ethereum (ETH) infrastructure projects. How the company will get out of this situation, we'll know soon enough. Coin spectator is an automated news aggregation service. All copyrights belong to their respective owners. Images and text owned by copyright holders are used in reference to and promotion of those respective parties. Read in Full



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