Crypto Software Firm Consensys Eliminates 7% of Workforce (1)

Consensys, a software provider run by one of the co-founders of the Ethereum blockchain network, is planning to lay off 47 people, or 7% of its workforce.

The restructuring is part of a broader push for profitability, according to a spokesperson for the firm. Consensys recently acquired a startup with about 30 employees, who are staying at the company, and it will continue to hire additional workers, the person said. The company’s largest office is in Brooklyn.

Consensys, which operates the popular digital wallet MetaMask, cut around 11% of its workforce at the start of 2023. Last year, Consensys eliminated ...