Chainalysis dismisses another 15% of its workforce due to challenging market conditions.
The Chainalysis workforce will be reduced by around 150 as the bear market bites deeper. Blockchain analytics firm Chainalysis has reduced its headcount by another 15% this week, citing the need to reduce expenses due to continued bear market blues. On Oct. 3, Chainalysis confirmed to Cointelegraph that it had made the difficult decision to part ways with 15% of its employees, amounting to approximately 135 staff. ‘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,’ said Chainalysis Vice President of Communications, Madeleine Kennedy. We remain committed to our mission to build trust in blockchains among government agencies, financial institutions, and cryptocurrency businesses,’ she added. A spokesperson for Chainalysis confirmed the firm had around 900 employees before the most recen