Consensys Announces 7% Job Cuts in Restructuring Move

Consensys, the company known for MetaMask, is planning for layoffs as part of its restructuring plan. According to Bloomberg, the firm is planning to reduce its workforce by 7%.

With this 7% of layoffs, Consensys will release 49 employees from the company to enhance profitability following the acquisition of Web3Auth.

As per a person aware of the fact, the company has recently acquired Web3Auth, a start-up with 30 employees who will remain at the firm, and that hiring continues in other areas.

It is worth noting that Consensys reduced 20% employees in October last year, citing macroeconomic pressures and ongoing legal battles with different regulators.

Is Consensys planning an IPO behind the curtains?

Yet there is no official announcement or confirmation from Consensys about a potential IPO, but market experts argue that the company is a strong player for an IPO, as its valuation was $7 billion in March 2022.

A X account with the username ‘Mahachai’ wrote in the post dated, “This guy still has one more card up his sleeve,” adding “Consensys is entering IPO this year and will proceed to become maximum ETH treasury which current valuation of $10 b leveraging this would at least add $20 b to squeeze more ETH supply.”

This guy still has one more card up his sleeve.Consensys is entering IPO this year and will proceed to become maximum ETH treasury which current valuation of $10 b leveraging this would at least add $20 b to squeeze more ETH supply pic.twitter.com/7Q9PGC5Dsw

— Mahachai (@EthereumThaila1) July 20, 2025

According to the data from Crunchbase, Consensys has raised $725 million in funding in 6 different funding rounds, with lead investors including BlackRock, JP Morgan Chase, HSBC, ParaFi Capital, SK Group, and Temasek Holdings.

However, Consensys has invested in 84 companies, some of which include Sharplink, Turtle Club, Mesh, Bubblemaps, Avara Ventures, Lens Protocol, Yellow, MemeFi, and StarTower, including a few others.

Yet ConSensys Ventures (now ConSensys Mesh), the sub-organization of ConsenSys founded by Joseph Lubin and Praneeth Srikanti, is the investment principal advisor, has invested in Juno, Gnosis, BlockApps, Aut Labs, Telos, Fractal, Coinhouse, SimpleID, and PoolTogether.

There are speculations that ConSensys might file for IPO by Q4 this year, and it might become an Ethereum Treasury Company after the IPO

In an X post dated July 23, 2025, Consensys said, “ The world economy will be built on Ethereum.”

Source: Consensys A quick price update on the crypto market

According to the data from CoinMarketCap, the cryptocurrency market cap was $3.9 trillion with an increase of more than 3% in the past 30 days, and the trading volume is $188.64 billion.

At the same time, the crypto fear and greed index was at 70, indicating greediness in the market, and Bitcoin is at $118,294 with a market cap of $2.35 trillion and trading volume of $70.63 billion.

The intraday gainers list has been ruled by Flare, Pudgy Penguins, Pancakeswap, Worldcoin, Ethereum Name Service, Mantle, Dogwifhat, and SPX6900.

It is worth noting that BNB has remained one of the most surged in the past 24 hours, and it has established an all-time high at $804.17 on July 23, 2025.