01-10-2023 icon

ConsenSys set to terminate appointments of over 100 staff

By Lucy Adegbe

ConsenSys, the developer of crypto wallet MetaMask, has planned to lay off 100 employees or more, someone familiar with the matter has said.

The New York City-headquartered Ethereum studio currently has about 900 employees. The planned cuts are understood to be in the process of being finalized, and the exact number is not known at this point.

This development comes at a time when Coinbase is planning to slash its workforce by about 20%, which is an equivalent of 900 employees.

Meanwhile, ConsenSys is yet to confirm the development..