2018-12-11 19:35 |
Chat logs obtained from a ConsenSys town hall last week reveal a mix of shock and support following the company's announced layoffs. origin »
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ConsenSys To Layoff 13% Of Its Staff, Employees Comment On The Issue It has been recently revealed that blockchain firm, ConsenSys has decided to layoff 13 percent of its staff (of 1200 employees). A Town Hall consisting of chatlogs between the CEO, Joseph Lubin and admin as well as employees was shared in a Coin […]
2018-12-12 23:25 | |
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“Multiple cases with the SEC, including ours, represent meaningful jobs and productive investment lost due to the SEC’s abuse of power and Congress’s inability to rectify the problem,” founder and CEO Joe Lubin said in a blog post.
The company cited macroeconomic headwinds limiting the company's ability to drive revenue as a reason for the cuts.
Nevada regulators recently ordered the crypto company, which BitGo had planned to buy, to cease operations and noted a shortfall in customer funds.
Alejandro Navia, President of NFT Now, tweeted that the Web3 publication had “over-hired.” Meanwhile, another founder of NFT Now’s Twitter was hacked over the weekend.
Binance has stopped offering certain benefits to its employees on June 19 as the company’s profits continue to decline, according to former employees and internal company messages viewed by the Wall Street Journal.
Binance has laid off over 1,000 workers globally in recent weeks, the Wall Street Journal reported.
Dapper Labs made prior cuts in February and November.