ConsenSys CEO: 'We've retained virtually all of our capabilities' after job cuts
The executive stated that the layoffs were due to concerns about “macroeconomic and geopolitical” issues that may affect the venture capital markets. Blockchain software developer ConsenSys retains the ability to achieve its goals after recent layoffs, CEO Joe Lubin claimed in a Feb. 7 interview with Cointelegraph, stating that “we’ve retained virtually all of our capabilities .” According to Lubin, the cuts were implemented “mostly because of potential headwinds and potential uncertainty” and partly because of declining volume in the ConsenSys ecosystem due to "macroeconomic and geopolitical" factors. Lubin said his team had been concerned that impending troubles in the venture capital market would make it hard for crypto companies to raise cash, so the company had wanted to be prepared for this possibility, as he explained: “There are some pretty concerning things happening still in supply chains, in materials and chips, in VC financing, potentially there’s a lot of dry ...