1 year ago
ConsenSys CEO Joseph Lupin said successful a Jan. 18 letter that the steadfast is focusing connected scaling its halfway offerings and volition laic disconnected 96 employees – 11% of its workforce to “adjust to challenging and uncertain market.”
The CEO said:
We are highly grateful for their contributions and the enactment they’ve accomplished. Each of the impacted employees volition beryllium notified contiguous by their manager.
The CEO said ConsenSys would supply “generous packages” to assistance laid-off employees. This would screen severance packages according to tenure, an extended enactment workout model from 12 months to 36 months, customized placement assistance, and healthcare benefits successful definite jurisdictions.
Joseph Lupin has besides stressed accomplishing 2 goals – reducing operating expenses and strengthening the merchandise teams.
As portion of this initiative, ConsenSys precocious announced the ConsenSys zkEVM Private Beta trial nett for selected users connected Jan. 10.
A excavation astatine centralized finance
The CEO discussed centralized entities that capitalized the involvement successful cryptocurrencies by offering ways to gain output connected crypto assets.
Joseph Lupin besides recalled risks exposed and exploited by the centralized companies past year. In his view, the centralized ecosystem is overmuch much akin to accepted finance: third-party custody, third-party payments, illicit finance, and marketplace manipulation.
Joseph Lupin said:
This challenging infinitesimal we are facing arsenic an manufacture presents an accidental to determination from outsourcing spot to organizations that person failed repeatedly, to a aboriginal wherever decentralized systems automate spot and alteration individuals and communities to workout power implicit their ain integer assets and their fiscal futures.
The station ConsenSys CEO confirms layoffs, steadfast to absorption connected scaling halfway offerings appeared archetypal connected CryptoSlate.
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