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ConsenSys Cuts Staff, Shares Current Focus on Certain Projects

ConsenSys Cuts Staff, Shares Current Focus on Certain Projects

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FintechNews RoundupUSA
··1 min read

CoinDesk reports that the Ethereum incubator has cut over 90 staff, or about 14% of the company; the news follows layoffs that were announced in February; a spokesperson told CoinDesk, “The global COVID-19 pandemic has deeply impacted the world’s health and livelihood…ConsenSys has carefully analyzed its business in relation to what is occurring globally. Like most of its peers, the company is seeing extraordinary uncertainty in the market, with businesses rebalancing priorities and reevaluating timelines.” The company has also shared their focus on “crisis-related opportunities such as Central Bank Digital Currencies (CBDCs), emergency loans disbursement solutions, supply chains for personal protective equipment (PPE), and related identity solutions.” CoinDesk

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    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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