{"id":140912,"date":"2024-10-30T10:30:00","date_gmt":"2024-10-30T08:30:00","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=140912"},"modified":"2024-10-30T02:42:04","modified_gmt":"2024-10-30T00:42:04","slug":"consensys-restructures-operations-laying-off-over-20-of-workforce","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/consensys-restructures-operations-laying-off-over-20-of-workforce\/","title":{"rendered":"Consensys Restructures Operations, Laying Off Over 20% of Workforce"},"content":{"rendered":"<p>CEO Joe Lubin <strong><a href=\"https:\/\/www.reuters.com\/technology\/crypto-firm-consensys-cuts-20-workforce-amid-macroeconomic-regulatory-headwinds-2024-10-29\/\" rel=\"nofollow\">revealed<\/a> <\/strong>that 162 employees will be affected as the firm aims to streamline its operations and enhance the decentralization of its core offerings.<\/p>\n<p>In an exclusive interview, Lubin cited several reasons for this decision, emphasizing the need for long-term financial stability amid potential economic fluctuations. He envisions Consensys evolving into a more nimble organization that can better leverage its extensive capabilities developed over the years.<\/p>\n<p>Renowned for creating the Ethereum wallet MetaMask and the Layer 2 protocol Linea, Consensys currently employs 828 people. Lubin assured that the company is dedicated to providing generous severance packages, outplacement support, and extended healthcare benefits for those departing, along with an extended stock option exercise window.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-140878\" href=\"https:\/\/cryptodnes.bg\/en\/gemini-secures-preliminary-approval-for-major-payment-institution-license-in-singapore\/\" title=\"Gemini Secures Preliminary Approval for Major Payment Institution License in Singapore\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/06\/gemini-1.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Gemini Secures Preliminary Approval for Major Payment Institution License in Singapore<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>While Consensys is actively involved in a legal dispute with the U.S. Securities and Exchange Commission (SEC), Lubin clarified that this battle has not influenced their restructuring plans. He stressed that the company has not overextended its resources and is tackling the SEC\u2019s aggressive regulatory actions thoughtfully.<\/p>\n<p>Additionally, Lubin noted that Vitalik Buterin\u2019s call for greater decentralization among Layer 2 projects resonates with Consensys\u2019 ongoing efforts to adopt decentralized models. He stated that their restructuring focuses more intensely on enhancing MetaMask and Linea while transforming Infura through its decentralized infrastructure network.<\/p>\n<p>Looking ahead, Consensys aims to transition its suite of Ethereum-based products into protocols that can operate across various blockchains, reinforcing its commitment to innovation and adaptability in the evolving crypto landscape.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Consensys, a notable blockchain development company, is undergoing significant restructuring, resulting in a workforce reduction of over 20%.<\/p>\n","protected":false},"author":3,"featured_media":31356,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[424,271,77],"coin_category":[],"class_list":["post-140912","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-crypto","tag-ethereum","tag-layer-2"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Consensys Restructures Operations, Laying Off Over 20% of Workforce<\/title>\n<meta name=\"description\" content=\"Consensys, a notable blockchain development company, is undergoing significant restructuring, resulting in a workforce reduction of over 20%.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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