Crypto 24X7 News Hubb
Advertisement
  • Home
  • Crypto Currency
  • Bitcoin
  • Ethereum
  • Crypto Mining
  • Contact us
No Result
View All Result
  • Home
  • Crypto Currency
  • Bitcoin
  • Ethereum
  • Crypto Mining
  • Contact us
No Result
View All Result
Crypto 24X7 News Hubb
No Result
View All Result
Home Crypto Mining

Blockchain Giant ConsenSys Trims Workforce, Eyes Long-Term Success

admin by admin
January 19, 2023
in Crypto Mining


ConsenSys, a leading blockchain technology company, announced that it will be streamlining some of its teams in response to the current challenging and uncertain market conditions.

Right after the reported layoffs from well-known blockchain firms like Crypto.com and Coinbase, now ConsenSys also is reducing the company’s workforce.

The decision ConsenSys made will impact 96 employees, representing 11% of ConsenSys’ total workforce. The company stated that it has gained significant traction in its core products and has helped accelerate the blockchain ecosystem.

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe – We publish new crypto explainer videos every week!

According to the official letter, the company has now decided to focus its business on its core value-driver products.

“Today, we need to make the extremely difficult decision to streamline some of ConsenSys’ teams to adjust to challenging and uncertain market conditions,” said Joe Lubin, CEO of ConsenSys. 

The company also announced that it will be providing extensive support and generous packages to all departing employees globally. 

The support the source stated includes severance packages based on tenure, an extended option exercise window from 12 months to 36 months, personalized support from an external placement agency, and the extension of healthcare benefits in relevant jurisdictions.

ConsenSys CEO Joe Lubin stated that the company believes that it will soon shift from the age of silos and exploitation into the age of community and collaboration. 

He added that the last ecosystem surge saw over 30 million people each month using MetaMask to access DeFi protocols, mint and trade NFTs, and participate in DAOs. According to Lupin, NFTs and other Web3 constructs will enable people, groups, or DAOs to establish their own novel community constructs.

In other news, The US Financial Crimes Enforcement Network (FinCEN) has designated Binance as a partner of the illegal cryptocurrency platform Bitzlato.

Aaron S. - Expert Reviewer

by Aaron S. – Expert Reviewer, BitDegree




Source link

Previous Post

The Future of Space Heaters – Antminer S9 DIY Build by Crypto Cloaks

Next Post

1inch Network Launches Hardware Wallet for Storing Users’ Private Keys in a Secure Offline Setting – Bitcoin News

Next Post

1inch Network Launches Hardware Wallet for Storing Users' Private Keys in a Secure Offline Setting – Bitcoin News

Recommended

Chinese Police Detain Team Behind Yuan-Backed CNHC Stablecoin: Report

June 1, 2023

Hashdex joins race for spot Bitcoin ETF with unique strategy

August 26, 2023

Don't miss it

Crypto Mining

Binance Gets Under Legal Fire for Sabotaging FTX

October 3, 2023
Crypto Currency

US Government Frames Bitcoin Privacy As “Criminal”

October 3, 2023
Ethereum

Kazakh crypto miners plead with President to cut energy prices

October 3, 2023
Crypto Currency

Bitcoin Rejected at $28.5K, PEPE Dumps 11% Daily (Market Watch)

October 3, 2023
Crypto Currency

Visa to invest $100M in generative AI

October 3, 2023
Bitcoin

Crypto Analyst Predicts XRP Price To Hit $0.66 This Week

October 3, 2023

© Crypto 24X7 News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • Crypto Currency
  • Bitcoin
  • Ethereum
  • Crypto Mining
  • Contact us

Newsletter Sign Up

No Result
View All Result
  • Home
  • Crypto Currency
  • Bitcoin
  • Ethereum
  • Crypto Mining
  • Contact us

© 2022 Crypto 24X7 News Hubb All rights reserved.