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Employees of ConsenSys, the hub company of Ethereum created by Joseph Lubin, the co-creator of the Ethereum network, received a threatening e-mail last Friday, November 30th. According to the e-mail, sent by Lubin himself, ConsenSys would change and undergo a massive strategic shift.
Lubin used words like "redirecting priorities" to bring more rigor, structure, sustainability and responsibility to the company, so that he could realize his vision. This would be ConsenSys 2.0. Now, everyone knows that refocusing and talking about a bright future are basically nice words for "firing a lot of people", so it can be considered a very cruel touch to send this sort of thing to a Friday night employee.
Given that Ether's price has dropped to around $ 100 USD after reaching an all time high of $ 1,400 USD this year, one would expect a layoff, so no one would be surprised to know that the whole change is going to automate multiple services, drop some others, use order words and fire people to reduce costs. Therefore, employees would be right to be pissed or fearful of receiving such emails.
When Coindesk asked him about the redundancies, Lubin only said that they were observing "many different situations" and that some departments could shrink, but that others would grow up in this new era of the company, so nothing could be sure about this point.
Information on ConsenSys
ConsenSys it was created four years ago in 2014. The company has grown rapidly and currently has more than 50 companies under its umbrella. The company also has ties with big companies like Fidelity and Nasdaq.
The company has many branches around the world for various reasons and sponsors many activities related to the crypto industry and the Ethereum network.
ConsenSys 2.0
Nobody knows if ConsenSys 2.0 will be a desperate maneuver to survive or a genuine attempt at innovation, but Lubin wants us to believe he will be the first. He said that it is no longer enough to "make interesting projects" and that the company will focus on greater rigor and will act on several lines, including financial sustainability.
Sull & # 39; email Joseph Lubin he said that the projects will be dissolved more quickly and declared "learning achievements" to use what has been learned from them and then abandon them and move to other more successful companies.
It has also been stated that the company has spoken more recently with external investors in a collective effort to open up funding opportunities for the company and its sustained initiatives. It is said to continue in ConsenSys 2.0.
Another point is that the companies sponsored by ConsenSys would have been told not to be too dependent on their tokens and their price and to create activities that could thrive anyway. This is a lesson learned from all those who survived the bear market.
The letter was actually a very poor excuse for "hey, we really have to cut costs and we're going down" with some heavy marketing on it, but at least Lubin has tried to cover it with sugar instead of letting it people are panicking right now ETH is in a bad situation and the company probably does not have much to do about it, so it must be more efficient to survive.
At least, it seems that ConsenSys will continue to have the same goal and the same goals, only will make internal changes to be able to survive in the bear market and will evolve into something more self-sufficient.
He could not have sent it on Friday night, though, eh? What a way to ruin the employee's weekend.
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