The firm said on October 3 that it has laid off 15% of its workforce, or around 135 people.
There were around 900 workers at the company prior to the most recent layoffs.
Chainalysis, a blockchain analytics business, let off another 15% of its workforce this week, citing the necessity to cut costs in light of the prolonged detrimental market. The firm said on October 3 that it has laid off 15% of its workforce, or around 135 people.
Madeleine Kennedy, VP of communications at Chainalysis, said:
“While Chainalysis continues to be well positioned for long-term success as a consistently top-performing software company, we are very focused on growing efficiently and, due to market conditions, believe it necessary to reduce our expenses at this time.”
Prolonged Bear Market
A representative for Chainalysis has said that there were around 900 workers at the company prior to the most recent layoffs. The prolonged crypto bear market has diminished the demand for commercial goods, resulting i
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