**Just In 🚨**: Chia Network (XCH), the blockchain and smart transaction platform, has announced a reduction in its workforce. Chia Network stated, "We have informed 24 employees, which amounts to approximately one-third of our total workforce of 70 employees, about the layoffs. This decision is a response to the challenging business environment that has persisted in recent months." As a result of this workforce reduction, Chia Network's IPO plan is expected to be postponed, according to CoinDesk. #ChiaNetwork #XCH #Blockchain #WorkforceReduction #CryptoNews