Ryan Selkis, founder and CEO of analytics firm Messari, has announced that the company has laid off 15% of its employees.
He has said:
"We have made the difficult decision to restructure several of Messari’s internal teams, leading to a 15% staff reduction. We're grateful for the contributions of the teammates we have parted ways with, and will provide resources and connections to help them transition."
Selkis has said the company still has some open positions for which it plans to hire employees. He has also said the move would provide the company with "a stronger long-term foundation."
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Other companies are also conducting layoffs. By March, Microsoft intends to lay off about 10,000 people, whereas payments company PayPal will cut 2,000 employees, or about 7% of its workforce.
Since the beginning of the year, Coinbase, ConsenSys, Genesis Trading, Blockchain.com, Gemini, Luno, Matrixport, Chainalysis, Bittrex and other companies have reported layoffs.
Messari raised $35 million in September as part of a Series B funding round led by billionaire Alan Howard's Brevan Howard Digital division.