Approximately 100 staff members removed from ConsenSys


  • ConsenSys is planning to eliminate 100 people from their company.
  • Genesis Global Trading reduced 30% of its workforce.
  • ConsenSys employs over 900 workers at its New York office.

ConsenSys, the Ethereum software development company behind the cryptocurrency exchange MetaMask, intends to release a minimum of 100 people from its staff. ConsenSys, based in New York, employs around 900 people. A spokeswoman for ConsenSys declined to discuss the issue. 

The reduction wave in tech and crypto has now reached 2023, with Coinbase, the biggest cryptocurrency exchange in the United States, revealing on Tuesday that it planned to lay off around 950 people, or roughly 20% of its existing staff. Seychelles has a cryptocurrency market. Huobi also intends to downsize its workforce by 20%.

Genesis Global Trading, an entirely trading company of Online Currency Company, revealed a 30% personnel cut last week in order to stay afloat with 145 people, following a 20% decrease in August of last year. According to CoinDesk, approximately 27,000 jobs have been lost in the cryptocurrency business since April.

ConsenSys is a market leader in cryptocurrency. ConsenSys is creating Ethereum blockchain infrastructure and software for new economic models that are more accessible, economical, and secure, from advanced features to enterprise solutions.

Joseph Lubin is an Ethereum co-founder and the founder of ConsenSys. He has defined himself as a driving force in the rapidly expanding blockchain business and a strong supporter of decentralized technologies.

ConsenSys is the market leader in Ethereum technology. ConsenSys’ objective is to unleash the collaborative potential of networks by making Web3 globally accessible, usable, and extensible. Humans make it simple to develop apps on Ethereum and engage in DeFi, NFTs, DAOs, and the virtual world using MetaMask, Infura, and a leading portfolio of blockchain technologies.

Their technologies enable programmers to develop next-generation apps, companies to establish new financial sectors, and consumers all over the world to get access to the decentralized web.