ConsenSys Lays Off More Than One Hundred Employees

ConsenSys, the developer of crypto wallet MetaMask, plans to lay off more than a hundred employees.

Developer of crypto wallet MetaMask ConsenSysplans to lay off more than 100 employees.

One of the world’s largest cryptocurrency exchanges FTX With . In particular, crypto companies have started to review their financial situations to avoid an FTX-like collapse. ConsenSys, one of these companies, came to the fore with layoffs and restructuring moves. The MetaMask developer reportedly plans to lay off more than a hundred workers as a step in the restructuring process.

ConsenSys To Part Way With More Than One Hundred Employees

CoinDesk, ConsenSysannounced that it will lay off 100 or more of its employees.

The New York City-based company currently has approximately 900 employees. The person in question said the planned cuts are in the process of being finalized and the exact number is unknown at this point.

US crypto exchange coinbase Another week has been added to an already bad week for crypto employment, with . CoinDesk estimates that around 27,000 people across the industry have lost their jobs since April last year.