Consensys Cuts 20% Workforce
This is a US news story, published by CoinGape, that relates primarily to Joseph Lubin news.
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US SEC scrutinyCoinGape
•US SEC’s “Abuse Of Power” Cited as Consensys Cuts Work Force By 20%
74% Informative
Consensys cuts 20% of staff, citing macroeconomic pressures and US SEC regulatory costs.
Ripple and Coinbase face legal battles with US SEC , highlighting industry-wide regulatory strain.
Founder and CEO Joseph Lubin attributes these layoffs to both the broader macroeconomic challenges and regulatory pressures from the U.S. Securities and Exchange Commission .
Lubin: "To stay competitive, we need to reshape ourselves to be more agile, more effective".
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