ConsenSys Confirms Layoffs, Projecting 13% of Staff at Startups to Be Cut

ConsenSys, the ethereum production studio, is letting go 13 percent of its staff, according to a company announcement published Thursday and confirmed to CoinDesk by company officials.

The move comes on the heels of an announced “re-focusing of priorities” at the Joseph Lubin–funded venture studio.

As the company said Thursday:

“Excited as we are about ConsenSys 2.0, our first step in this direction has been a difficult one: we are streamlining several parts of the business including ConsenSys Solutions, spokes, and hub services, leading to a 13% reduction of mesh members.”

In an interview with CoinDesk earlier this week, Lubin indicated that some projects could see their staff counts shrink amid a wider pivot toward what he called “ConsenSys 2.0.” The developments were first detailed in an email sent to staffers late last week.

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