Crypto winter hits companies in the sector – The fall of cryptocurrency prices has not only impacted holders and other investors. Indeed, companies in the sector also face many difficulties.
Dismissals at ConsenSys
ConsenSys is an essential company in the Ethereum ecosystem. Indeed, it is she who is at the origin of tools that have now become essential, such as the MetaMask wallet or the infrastructure provider Infura.
However, the company also seems to have taken the full brunt of the fall in the price of cryptocurrencies. Thus, a source close to the case revealed that the company was in the process of reducing its workforce. In practice, the procedure for dismissal should concern at least 100 company employees.
Although the figure has not yet been officially validated, this could represent a layoff of more than 10% of the company’s workforce.
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Huobi, Genesis or even Coinbase: no one is left behind
Of course, ConsenSys is not the only company in the industry to face these difficulties.
Thus, it was revealed that the exchange platform Huobi was going to cut at least 20% of its staff. In addition, the company plans to lower the salaries of many employees as well.
In parallel with its setbacks in the Gemini affair, the company Genesis has also made the decision to lay off 30% of its staff.
In the world of NFTs, the penalty is the same. On January 6, the CEO of exchange platform SuperRare announced a 30% workforce reduction. Once again, market conditions are singled out.
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