Blockchain Analytics Firm Chainalysis Lays Off 15% of Staff Amid Crypto Winter

Blockchain analytics firm Chainalysis cut 15% of its workforce, the second round of layoffs in 12 months.
Chainalysis laid off 5% of staff in February 2022. The firm now has around 900 employees.
Chainalysis said the layoffs are to control expenses and grow efficiently amid market conditions.
The cuts are part of a wider trend of crypto firms downsizing staff due to the crypto winter, including Coinbase and Robinhood.
Chainalysis remains committed to its mission of building trust in blockchains, despite the layoffs.

coindesk.com

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10/3/2023

Chainalysis Lays Off 15% of Staff Amid Crypto Winter, Shifts Focus to Government Sector

Chainalysis is laying off approximately 150 employees, or slightly over 15% of its staff, as the company shifts its focus from the commercial market to government contracting in response to the decline in cryptocurrency and the reduced demand for its products.