Messari, a cryptocurrency data site, has laid off approximately 15% of its workforce.
Eric Turner, CEO of the company, has said the goal of this restructuring is to streamline operations and focus on growing core product lines.
Although the company has not publicly announced the news, it has also opted not to renew contracts with several contractors.
The move follows a wave of layoffs that has affected the entire cryptocurrency sector.
Messari is a leading blockchain research firm known for its analytical reports.