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ConsenSys cuts workforce by 11%
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Last year, it hit a $7 billion valuation on a $450 million funding round joined by the likes of Microsoft and Temasek. The funding had been earmarked for 600 hires.However, in a letter posted on the company's site, CEO Joseph Lubin says that the web3 industry has been hit by the sector's bear market and the macroeconomic environment.
Read more on finextra.comAbout this in other media
ConsenSys CEO: 'We've retained virtually all of our capabilities' after job cuts cointelegraph.com /1 year ago
ConsenSys releases statement of support for continuation of the Jarrett tax case cointelegraph.com /1 year ago
Goldman Sachs cuts CEO Solomon’s pay by 30% after bruising year fnlondon.com /1 year ago
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