Consensys reduces staff, divides company

The startup Consensys is laying off some of its employees and dividing the company's activities into two separate areas.According to an official statement dated February 4, Consensys cuts about 14% of its staff.

The statement said that the company will be divided into two areas. One part will continue to work in the software sector, and the other will be sharpened for venture capital investments.

A company spokesman said reductionswill touch upon the department of human resources, finance and marketing, while the development teams will not be affected. According to him, “restructuring will allow the company to better meet the specialized needs for software development.”

This is not the first time Consensys has cut its workforce. In December 2018, there were rumors of an impending staff reduction of 60%, however, in January 2019, only 13% of the staff was laid off. 

Let us recall that last year the startup Consensys announced the creation of a charity platform together with the World Wildlife Fund (WWF). 

Based on materialscointelegraph.com