{"id":549086,"date":"2023-02-08T00:30:00","date_gmt":"2023-02-07T21:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/consensys-ceo-weve-retained-virtually-all-of-our-capabilities-after-job-cuts\/"},"modified":"2023-02-08T00:30:00","modified_gmt":"2023-02-07T21:30:00","slug":"consensys-ceo-weve-retained-virtually-all-of-our-capabilities-after-job-cuts","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/consensys-ceo-weve-retained-virtually-all-of-our-capabilities-after-job-cuts\/","title":{"rendered":"# ConsenSys CEO: &#8216;We&#8217;ve retained virtually all of our capabilities&#8217; after job cuts"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a424197d91cb\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a424197d91cb\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/consensys-ceo-weve-retained-virtually-all-of-our-capabilities-after-job-cuts\/#%E2%80%9D_ConsenSys_CEO_%E2%80%98Weve_retained_virtually_all_of_our_capabilities_after_job_cuts_%E2%80%9C\" >&#8221; ConsenSys CEO: &#8216;We&#8217;ve retained virtually all of our capabilities&#8217; after job cuts &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_ConsenSys_CEO_%E2%80%98Weve_retained_virtually_all_of_our_capabilities_after_job_cuts_%E2%80%9C\"><\/span>&#8221; ConsenSys CEO: &#8216;We&#8217;ve retained virtually all of our capabilities&#8217; after job cuts &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDIvOTI3NTg2MzEtNThjNi00MDU0LWE0MjUtNmI2Mjc2ZmUwNGQ2LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-4bbf85c5>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 \u201cwe\u2019ve retained virtually all of our capabilities.\u201d<\/p>\n<p>According to Lubin, the cuts were implemented \u201cmostly because of potential headwinds and potential uncertainty\u201d and partly because of declining volume in the ConsenSys ecosystem due to &#8220;macroeconomic and geopolitical&#8221; factors.<\/p>\n<p>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:<\/p>\n<blockquote><p>\u201cThere are some pretty concerning things h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ening still in supply chains, in materials and chips, in VC financing, potentially there\u2019s a lot of dry powder out there, but there&#8217;s gonna be a lot of companies going into market at the same time. And VCS are not kind and generous. They\u2019re going to withhold until some sort of shakeout happens in the tech space I believe.\u201d<\/p><\/blockquote>\n<p><strong>Related: <\/strong><strong>MetaMask to support all tokens via Snaps<\/strong><\/p>\n<p>Lubin said that the staff cuts have helped to provide \u201csignificant runway\u201d to fund operations into the future and may even allow the company to buy some smaller firms that will \u201cadd really valuable pieces\u201d to ConsenSys. In Lubin\u2019s view, this has put the company in a strong position to weather whatever global economic troubles are coming in the near future.<\/p>\n<p>Consensys announced layoffs of 11% of its workforce on Jan. 19. Several other blockchain companies also announced they were trimming staff in January, including Coinbase, Gemini, DCG, and Blockchain.com. This followed a year-long decline in cryptocurrency prices and trading volume in 2022. A report from CryptoCompare in October stated that the month had seen the lowest ever daily trading volume for crypto products, and Coinbase CEO Brian Amrstrong said in December that 2022 trading volume had been \u201croughly half\u201d what it was the previous year.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/consensys-ceo-we-ve-retained-virtually-all-of-our-capabilities-after-job-cuts\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; ConsenSys CEO: &#8216;We&#8217;ve retained virtually all of our capabilities&#8217; after job cuts &#8220; 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 \u201cwe\u2019ve retained virtually all of our capabilities.\u201d According to Lubin, the cuts were implemented&#8230;<\/p>\n","protected":false},"author":1,"featured_media":549087,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/92758631-58c6-4054-a425-6b6276fe04d6.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74863,74891,133064,74355,117],"class_list":["post-549086","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cryptocurrencies","tag-ethereum","tag-metamask","tag-adoption","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/549086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=549086"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/549086\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/549087"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=549086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=549086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=549086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}