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You Won’t Believe What Happens to the Guy Who Made 100 Billion Dollars – Now He Lays Off Half His Staff

A  illustration depicting Joe Lubin standing in front of a large blockchain diagram with various Ethereum-related products (MetaMask, Infura) being broken down into smaller decentralized components. The background is filled with scattered papers, empty chairs, and computer screens displaying error messages as if the company's operations are shutting down.

When you think a company’s worth $10 billion just because some dude in his mom’s basement coded it on GitHub, maybe take a step back, folks.

Source: cointelegraph

Blockchain development firm Consensys has begun a major restructuring of its operations, reducing its workforce by more than 20%. Speaking exclusively to Cointelegraph, Ethereum co-founder and Consensys CEO Joe Lubin confirmed that 162 employees have been impacted by the move. The company is looking to streamline operations and expedite efforts to decentralize various parts of its core business offerings. “It’s motivated by a variety of factors, and to me, it […]

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