Consensys plans to lay off 49 employees, about 7% of its total workforce

PANews reported on July 22 that according to Bloomberg, ConsenSys, a software company led by one of Ethereum blockchain's co-founders, plans to lay off 49 employees, approximately 7% of its total workforce. This restructuring aims to drive the company's profitability. ConsenSys recently acquired a startup with around 30 employees, who will continue to work, and the company will continue to hire new staff. ConsenSys previously laid off 20% of its workforce last year due to regulatory uncertainty and macroeconomic conditions. Currently, the US crypto industry regulatory environment has become more lenient due to the potential re-election of President Trump, and ConsenSys's lawsuit with the SEC has been withdrawn. Some crypto companies are adjusting their business structures in preparation for an initial public offering (IPO).