coindesk.com
ConsenSys is laying off dozens more staffers, two people familiar with the matter tell CoinDesk.
Announced at a company town hall Monday, the Brooklyn-based firm known for incubating Ethereum projects is cutting roughly 120 people, one of the sources said. That's more than 10 percent of the firm's headcount.
The move follows a round of layoffs announced in February. Those cuts shrunk the firm's headcount by approximately 14 percent, the company said at the time.
Led by Ethereum co-founder Joseph Lubin, ConsenSys laid off about 13 percent of its workforce in a late-2018 restructuring dubbed "ConsenSys 2.0." The cuts in February 2020 were related to that overhaul.
ConsenSys has yet to respond to CoinDesk's request for comment.
This is a developing story.