Joseph Lubin Blockchain Provident Digital Microsoft CEO Platform Joseph Lubin

ConsenSys cuts workforce by 11%

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finextra.com

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.

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