According to Foresight News and Bloomberg, Ethereum co-founder Joseph Rubin's software company Consensys is currently planning to lay off 49 employees, which accounts for about 7% of the total workforce. A company spokesperson stated that this reorganization is aimed at improving overall profitability. Consensys recently acquired a startup with about 30 employees, who will continue to remain with the company. At the same time, the company still plans to continue hiring for other positions. Consensys's largest office is located in Brooklyn.

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