Ethereum Co Founder’s Firm Consensys reduces 20% of workforce

A software provider for the Ethereum network, Consensys Inc. let goes 162 positions which make up 20% of the firm’s workforce. 

On Tuesday, it was mentioned in Consensys blog that “Multiple cases with the SEC, including ours, represent meaningful jobs and productive investment lost due to the SEC’s abuse of power and Congress’s inability to rectify the problem,”

The owner, Joseph Lubin, is one of Ethereum’s co-founders. The New York-based company had listed broad economic conditions causing regulatory uncertainty towards workforce cutdowns.