{"id":72764,"date":"2023-01-19T11:45:53","date_gmt":"2023-01-19T09:45:53","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=72764"},"modified":"2025-09-09T10:11:09","modified_gmt":"2025-09-09T07:11:09","slug":"consensys-trims-11-of-its-workforce","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/consensys-trims-11-of-its-workforce\/","title":{"rendered":"ConsenSys trims 11% of its workforce"},"content":{"rendered":"<p>ConsenSys, the software developer, confirmed it has cut about 11% of its workforce. The reduction affected 96 employees.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Today we need to make the extremely difficult decision to streamline some of ConsenSys\u2019 teams to adjust to challenging and uncertain market conditions.<a href=\"https:\/\/t.co\/Svuk9yYj6J\">https:\/\/t.co\/Svuk9yYj6J<\/a><\/p>\n<p>1\/10<\/p>\n<p>\u2014 Joseph Lubin (@ethereumJoseph) <a href=\"https:\/\/twitter.com\/ethereumJoseph\/status\/1615739189168857090?ref_src=twsrc%5Etfw\">January 18, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The founder of the company, Joseph Lubin, outlined the factors that influenced this decision.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;The current bear market coincided with a very challenging macroeconomic environment, driven by rising inflation, lagging economic activity, and heightened geopolitical tensions,&#8221; he wrote.<\/p>\n<\/blockquote>\n<p>Going forward, ConsenSys will focus its business on &#8220;core value drivers&#8221;, including the <a href=\"https:\/\/forklog.com\/en\/news\/what-is-metamask\">MetaMask<\/a> wallet and the Infura platform.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Some of the unscrupulous participants in the CeFi segment have incurred the consequences upon themselves, casting a shadow over our ecosystem that we will all have to deal with. But in the end this will be a positive development,&#8221; Lubin said.<\/p>\n<\/blockquote>\n<p>Earlier reports indicated that ConsenSys planned to lay off <a href=\"https:\/\/forklog.com\/en\/news\/consensys-reportedly-plans-to-lay-off-more-than-100-employees\">more than 100 employees<\/a>.<\/p>\n<p>Last week Crypto.com announced a <a href=\"https:\/\/forklog.com\/en\/news\/crypto-com-to-cut-20-of-its-workforce\">20% staff reduction<\/a>. The decision was taken amid unfavourable market conditions and &#8220;recent events in the industry&#8221;.<\/p>\n<p>Read ForkLog\u2019s Bitcoin news on our <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices, and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ConsenSys, the software developer, confirmed it cut about 11% of its staff. The reduction affected 96 employees.<\/p>\n","protected":false},"author":1,"featured_media":72765,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[246,1276],"class_list":["post-72764","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-consensys","tag-layoffs"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/72764","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=72764"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/72764\/revisions"}],"predecessor-version":[{"id":72766,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/72764\/revisions\/72766"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/72765"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=72764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=72764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=72764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}