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931 Crypto Firm Consensys To Cut 20% of Workforce Amid Regulatory Headwinds

Slashdot
msmash @ Slashdot · 10/29/2024 15:22 EDT

Crypto Firm Consensys To Cut 20% of Workforce Amid Regulatory Headwinds

Cryptocurrency firm Consensys said on Tuesday it would cut 20% of its total workforce, citing broader macroeconomic pressures and ongoing regulatory challenges facing the industry. From a report: The decision will impact 162 of a total of 828 employees at the company, Consensys CEO Joseph Lubin told Reuters in a mailed statement. Crypto companies have frequently accused the Securities and Exchange Commission of regulatory overreach and exceeding its jurisdiction, while the agency argues that the industry is

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