Ethereum Builder ConsenSys Shutters India and Philippines Operations

Cryptocurrency

The cutbacks follow a round of layoffs late last year that saw about 13 percent of ConsenSys’ then-1,200-person staff let go (it’s down to about 1,000 now). The venture studio grew rapidly during the last crypto bull run when the price of ethereum tokens reached over $1,000 but began refocusing priorities in the depths of crypto winter.

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