PANews July 22 news, according to Bloomberg, software company Consensys, co-founded by one of the Ethereum blockchain co-founders, plans to lay off 49 employees, about 7% of its total workforce. This restructuring aims to drive the company's profitability. Recently, Consensys acquired a startup with about 30 employees, who will continue to stay on, and the company will also continue to hire new employees. Last year, Consensys laid off 20% of its staff due to regulatory uncertainty and the macroeconomic environment. Currently, the regulatory environment for the U.S. cryptocurrency industry is becoming more lenient due to the re-election of President Trump, and Consensys's lawsuit with the U.S. Securities and Exchange Commission has also been dismissed. Some cryptocurrency companies are adjusting their business structures in preparation for an initial public offering (IPO).
