🌪ConsenSys plans to spin out most of its startups, and it’s going to mean layoffs
According to sources that spoke to The Verge, ConsenSys is moving to spin off the majority of its spokes as it looks to restructure the company. Agreements under the "accelerated spin outs" would give employees two months severance or an investment worth one months burn rate in exchange for 10% of the project. ConsenSys would keep what they consider core tools like Infura, Metamask, PegaSys, Alethio, Kaleido, and Truffle.
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