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ConsenSys Reportedly Weighing Project Spin-Offs, 60% Staff Reduction

Published 12/21/2018, 06:39 AM
Updated 12/21/2018, 07:41 AM
 ConsenSys Reportedly Weighing Project Spin-Offs, 60% Staff Reduction

ConsenSys, the chief producer hub for Ethereum-related products such as Infura and MetaMask, is considering a deeper restructuring, spinning off side projects and letting go of up to 60% of the teams, The Verge reported, citing inside sources.

ConsenSys does not have the classical structure of a corporation, opting instead to fund a series of teams and projects called “spokes,” and some of them may be spun off under the restructuring plan. The company previously stated it would reduce staff numbers for some of the spokes, es...


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