ConsenSys slashes headcount 11% as chief economist reveals formula for adoption

ConsenSys slashes headcount 11% as chief economist reveals formula for adoption

ConsenSys, the parent company behind MetaMask, is letting go of 11% of its workforce, with CEO Joseph Lubin blaming “uncertain market conditions” brought on by recent collapses.

In a blog post from ConsenSys CEO Joseph Lubin on Jan. 18, the blockchain firm CEO said “poorly behaved” centralized finance (CeFi) actors have cast a “broad pall on our ecosystem that we will all need to work through.”

Lubin said the decision will impact 96 employees and is part of plans to focus its resources on its core businesses.

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