[Blockchain News] Stablecoin issuer Paxos announced a 20% layoff, affecting about 65 people. CEO Cascarilla said the company is in good financial shape and the layoffs are to focus resources more on areas such as tokenization and stablecoins. Affected employees will receive 13 weeks of severance pay, 3 months of health insurance subsidies, re-employment support and two years of option extensions. In addition, employees who participate in the quarterly incentive plan will receive a second quarter bonus, and employees who are allowed to take maternity leave or sick leave will also receive salary and benefits. After the layoffs, Paxos has between 200 and 300 employees. What do you think of this layoff? Feel free to discuss in the comments section.