CertiK, a company focused on smart contract security audits, has just reduced its workforce "in response to market dynamics."
As explained by the company's co-founder and CEO, Ronghui Gu:
"Our primary aim is to recalibrate our team structure to better align with our long-term strategic aspirations. CertiK remains committed to our mission and is confident that these changes are essential steps towards achieving our goals."
The layoffs have reportedly affected "fewer than 15%" of the workforce.
The auditor is not the first company to carry out layoffs in the crypto sector. For example, in October, security firm Chainalysis announced that it intended to lay off 150 employees.
That same month, Yuga Labs announced a staff restructuring.