KCN: CONSENSYS DISMISSED 14% OF EMPLOYEES

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CONSENSYS DISMISSED 14% OF EMPLOYEES

One of the largest blockchain developers ConsenSys, laid off 14% of its employees. According to Reuters: “…The restructuring at ConsenSys will separate its software development business from its venture activities, the company said in a statement. ConsenSys focuses on the ethereum blockchain, which underpins the world’s No.2 cryptocurrency ethereum. The cuts would allow it to “be better aligned with the needs of a focused software development company,” ConsenSys said in a statement. A spokeswoman for the company said the job losses would fall in roles across human resources, finance and marketing, with product teams unaffected. She declined to comment on the number of overall job losses.”… Stay with us. The news release partner STEX.com.

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