Joseph Lubin Blockchain Provident Digital Microsoft CEO Platform Joseph Lubin

ConsenSys cuts workforce by 11%

Reading now: 220

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.

The website is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News