ConsenSys, which develops applications and infrastructure for the Ethereum blockchain, including cryptocurrency wallet MetaMask, is laying off more than 100 staff, a person familiar with the matter said.
The company currently employs about 900 people. Planned layoffs appear to be in the final stages of approval, but the exact number of layoffs is unknown at this time.
US cryptocurrency trading giant Coinbase also announced on January 9 that it would lay off 20% of its staff, or about 950 people. CoinDesk estimates that around 27,000 jobs have been lost across the cryptocurrency industry since April 2022, based on media reports and press releases.
｜Translation: coindesk JAPAN
｜Editing: Takayuki Masuda
｜Original: Ethereum Software Firm ConsenSys to Cut Upwards of 100 Staff