Media: ConsenSys can reduce up to 60% of employees

The blockchain startup ConsenSys can lay off 50-60% of its employees, not 13%, as previously reported . About this writes The Verge .

According to the documents at the source’s disposal, ConsenSys is actively reviewing its portfolio of blockchain projects, either reducing its composition or cutting back funding for start-ups.

To date, the company has supported approximately 36 different start-ups, with teams of between five and 50 people working in their teams. In general, the state of ConsenSys out of 1,200 people can be reduced by at least 50%.

Founded in October 2014, ConsenSys is focused on the development of the Ethereum network ecosystem. The new strategy, the head of ConsenSys Joseph Lubin announced in early December. In particular, he told staff that the company will tighten standards for supported startups.

Recall one of the latest acquisitions of ConsenSys is the space company Planetary Resources .

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