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Chainalysis axes another 15% of staff citing difficult market conditions

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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.

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