News Formal

Chainalysis axes another 15% of staff citing difficult market conditions

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Blockchain analytics firm Chainalysis has announced a 15% workforce cut citing market conditions.

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.

"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.

A spokesperson for Chainalysis confirmed the firm had around 900 employees before the most recent cuts.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China could warm up to crypto through Hong Kong’s OTC market: ChainalysisHong Kong’s crypto-friendly policy could mean the Chinese government is becoming more open to crypto initiatives, Chainalysis said.
Source: TheBlock__ - 🏆 464. / 53 Read more »