ConsenSys to lay off 100 or more employees: Coindesk

People • January 10, 2023, 5:31PM EST
UPDATED: January 11, 2023, 4:14AM EST
The Block

Quick Take

  • ConsenSys is the latest crypto firm to announce layoffs and could let more than 100 employees go,  CoinDesk reported, citing a source close to the matter.

ConsenSys will let go of as many as 100 or more employees,  CoinDesk reported, citing a person familiar with the matter.

The exact number of employees that could be laid off is not clear, as the reductions have yet to be finalized, the source told CoinDesk.

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ConsenSys joins a number of companies that have laid off workers due to the bear market. Coinbase and Huobi each recently reduced headcount by 20%, and Genesis this month laid off 30% of its staff. 


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Jeremy Nation is a senior reporter at The Block covering the greater blockchain ecosystem. Prior to joining The Block, Jeremy worked as a product content specialist at Bullish and Block.one. He also served as a reporter for ETHNews. Follow him on Twitter @ETH_Nation.

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