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Blockchain Analytics Firm Nansen Cuts Workforce by 30%
Nansen, a leading startup in the blockchain technology industry, has recently announced a significant reduction in its workforce. The news of the 30% cut in blockchain data analytics firms has caused quite a stir in the industry, with many speculating on the reasons behind the decision.
According to the blockchain analytics platform’s Chief Executive Officer (CEO), Alex Svanevik in a tweet, several factors beyond the firm’s control necessitated the reduction in its workforce. He also disclosed that it was an extremely difficult situation for the company to cut short the size of its team.
Nansen to Now Concentrate on Core Services
Alex cited two major reasons for the reduction in Nansen’s workforce. First, the company has recognized the need to streamline its operations and concentrate on its key strengths in order to remain competitive in an increasingly dynamic industry.
Likewise, the CEO mentioned that this past
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