☂️ ConsenSys exec: layoffs did not exceed 10 percent, mainly affect support staff

Layoffs at ConsenSys affected no more than ten percent of its employees and was mostly confined to support staff, according to Executive Director of Enterprise and Social Impact Vanessa Grellet. The layoffs were the natural result of to aggressive expansion ConsenSys undertook over the last few years and unrelated to the price drop in Ethereum ($ETH). ConsenSys founder Joseph Lubin says the crypto-umbrella company remains strong and is re-balancing strategies.