ConsenSys Confirms Layoffs, Projecting 13% of Staff at Startups to Be Cut

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ConsenSys, the ethereum production studio, is letting go of 13 percent of its staff, according to a company announcement published Thursday and confirmed to CoinDesk by company officials.

The move comes on the heels of an announced “re-focusing of priorities” at the Joseph Lubin–funded venture studio. Company officials confirmed to CoinDesk that some staff members were laid off today.

As the company said Thursday:

“Excited as we are about ConsenSys 2.0, our first step in this direction has been a difficult one: we are streamlining several parts of the business including ConsenSys Solutions, spokes, and hub services, leading to a 13% reduction of mesh members.”

In an interview with CoinDesk earlier this week, Lubin indicated that some projects could

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