ConsenSys confirms that it is laying off 13% of its staff

ConsenSys, the Ethereum production studio, is letting go of 13% of its staff, according to CoinDesk. “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," ConsenSys said in a company-wide announcement. This announcement comes after founder Joe Lubin stated that the ConsenSys is seeking to "run leaner projects because often better decisions are made in a context of more constrained resources." (Source: CoinDesk

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Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi

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