It didn’t take long for the concrete to set over at ConsenSys.

Just one day ago Ethereum co-founder Joseph Lubin told CoinDesk the Ethereum production company was going through a “refocusing of priorities” called “ConsenSys 2.0” spurred, in part, by the declining price of ether (ETH). When asked whether that meant layoffs, Lubin said there was “nothing I want to say concretely about that.”

Now, company officials have confirmed to CoinDesk that 13 percent of the 1,200-person staff is being let go.

“Excited as we are about ConsenSys 2.0, our first step in this direction has been a difficult one: we are streamlining several parts of the business including ConsenSys Solutions, spokes, and hub services, leading to a 13% reduction of mesh members,” according to a company statement.

Staffers learned about the refocusing in an email last week. Read more here.

ThirtyK Staff
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