Layoffs

Consensys layoffs: Ethereum company reduces staff by 20%

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Consensys layoffs: Ethereum company reduces staff by 20%

Consensys, the creator of the popular MetaMask cryptocurrency wallet, is laying off more than 160 employees across all departments of the company. CEO Joe Lubin announced the layoffs in a blog post, citing challenges from the macroeconomy and legal expenses related to the company’s ongoing battles with regulators. “Multiple cases with the SEC, including ours, … Read more

Warning of Mass Layoffs and Plant Closures in Germany by Volkswagen’s Labor Chief, Reuters Reports

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Warning of Mass Layoffs and Plant Closures in Germany by Volkswagen’s Labor Chief, Reuters Reports

Volkswagen (ETR:) is planning to close at least three factories in Germany, lay off tens of thousands of staff, and reduce the size of its remaining plants in Europe’s largest economy as part of a more extensive restructuring than initially anticipated, according to the carmaker’s works council head. The decision comes as Volkswagen aims to … Read more