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The recent layoffs at blockchain software company ConsenSys did not exceed 10% of the workforce. The executive director of the company and the social impact of the company, Vanessa Grellet, spoke to Cointelegraph about recent developments at the Crypto Finance conference in Switzerland on 18 January.
Grellet said the workforce reductions were a "natural movement" and mainly affected support staff, while developers and technical staff were largely unaffected. She says:
"I have been in the business for two and a half years. When I joined us, we were 60 years old and we became a company with 1,200 employees around the world. The way we hired people was related to opportunities, projects, etc., and we grew up a bit fast. "
Grellet also stated that layoffs can be considered part of ConsenSys' "natural evolution" as crypto-space evolves and "unrelated to any price change". that they restructured every two years as businesses grow
Discussing his experience working on the NYSE, Grellet said traditional markets and the cryptography industry are at a "very different level of maturity."
When she was asked about the signs of crisis in the blockchain industry and critics about the fact that ConsenSys is not able to keep its promises, Grellet said that she was seeing always a huge interest in blockchain technology. Grellet added that ConsenSys has completed several projects that have advanced the adoption of cryptography.
In December, anonymous sources said ConsenSys could fire up to 60% of its staff, as the blockchain space became more competitive and more "cluttered".
ConsenSys founder Joseph Lubin later stated that ConsenSys "stays healthy" and rebalances its priorities. He also complained of leaks, saying that journalists and bloggers do not have real data and create a lot of panic by reporting layoffs.
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