The blockchain startup ConsenSys will fire 13% of the staff. This decision is associated with changes in priorities and future organizational changes, CoinDesk reports.
The head of ConsenSys, Joseph Lubin, announced a new company strategy in early December. In particular, he told staff that ConsenSys will tighten standards for supported startups.
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.
According to Finance Magnates, citing its own sources, employees of various departments from several regions of the world came under the cuts.
Recall, founded in October 2014, ConsenSys is focused on the development of the ecosystem of the Ethereum network. In October, Joseph Lubin’s company invested $ 6.5 million in a blockchainb startup DrumG. The latter is engaged in the development of a decentralized and cryptographically protected OTC solution for trading operations of investment banks.