This is the second round of layoffs by the analytics firm in 2023.
This is the second round of layoffs by the New York-based firm in the past 12 months – the firm laid off 5% of its staff in February. Chainalysis, which specializes in analyzing and tracking crypto transactions for risk-management purposes, is said to have an employee base of 900.
"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. We remain committed to our mission to build trust in blockchains among government agencies, financial institutions, and cryptocurrency businesses," the company said in a statement.
The layoffs are the latest in a series of job cuts by crypto firms, which include Coinbase and Robinhood . The crypto industry has been reeling from the fallout of the crypto winter, which has led to a series of bankruptcies and downsizing. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form ofParikshit Mishra is CoinDesk's Deputy Managing Editor responsible for breaking news coverage. He does not have any crypto holdings.
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