Consensys CEO Joe Lubin confirmed that the firm’s restructuring plan will impact 162 permanent employees.
Blockchain development firm Consensys has begun a major restructuring of its operations, reducing its workforce by more than 20%.
Speaking exclusively to Cointelegraph, Ethereum co-founder and Consensys CEO Joe Lubin confirmed that 162 employees have been impacted by the move. The company is looking to streamline operations and expedite efforts to decentralize various parts of its core business offerings.
“It’s motivated by a variety of factors, and to me, it feels like they’re pretty equal. The first obvious one, which is not necessarily more important than the others, is just the long-term financial sustainability aspects in the face of potential economic volatility,” Lubin explained.
