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ConsenSys and Amber Group Join List of Companies Dismissing Employees

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ConsenSys will reduce its headcount by 11%, while Amber Group will supposedly halve its Hong Kong division.

ConsenSys – a blockchain software technology company – and Amber Group – a cryptocurrency platform based in Singapore – are the latest entities in the digital asset sector to announce staff layoffs.

Lubin assured that all departing individuals will receive “generous severance packages,” extension of healthcare benefits, and support with their transition to another firm. Lubin opined that the ongoing uncertainty could be a great opportunity for the industry to move from “outsourcing trust” to a future where decentralized systems enable individuals “to exercise control over their own digital assets.”The cryptocurrency platform, backed by the investment giant Temasek Holdings, will reportedly40 Hong Kong-based employees to endure the crypto winter. The departing members are mainly IT specialists and auditors.

 

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