Metamask parent company, Consensys, lays off 160 employees; blames U.S SEC for abuse of power

Web3 firm and Metamask’s parent company Consensys announced on its blog on October 29 that it was laying off 160 employees across several departments, equating to about 20% of its workforce. The company explained that the massive fees it incurred during its legal battles with the U.S. Securities and Exchange Commission, plus macroeconomic factors, contributed to the decision.

Source: Cryptopolitan