Crypto Software Firm Consensys Eliminates 7% of Workforce

Consensys, a software provider run by one of the co-founders of the Ethereum blockchain network, is planning to lay off 47 people, or 7% of its workforce.

The restructuring is part of a broader push for profitability, according to a spokesperson for the firm. Consensys recently acquired a startup with about 30 employees, who are staying at the company, and it will continue to hire additional workers, the person said. The company’s largest office is in Brooklyn.