Coinspeaker
ConsenSys to Lay Off 97 People, CEO Joseph Lubin Praises DeFi over CeFi
In the latest development, blockchain engineering firm ConsenSys CEO Joseph Lubin announced that the company will be cutting 97 jobs this year. This comes as some of the biggest tech giants are laying off employees amid an uncertain macro environment. In his latest blog post, Lubin wrote:
“Today we need to make the extremely difficult decision to streamline some of ConsenSys’ teams to adjust to challenging and uncertain market conditions. This decision will impact 96 employees, which represents 11% of ConsenSys’ total workforce. We are extremely grateful for their contributions and the work they’ve accomplished. Each of the impacted employees will be notified today by their manager”.
All the departing ConsenSys employees from across the globe will receive severance packages depending on their tenure. Besides, they would be getting personalized support from an external placement agency. ConsenS
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