{"id":85259,"date":"2023-10-03T10:03:04","date_gmt":"2023-10-03T07:03:04","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=85259"},"modified":"2025-09-12T22:11:55","modified_gmt":"2025-09-12T19:11:55","slug":"chainalysis-cuts-15-of-staff","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/chainalysis-cuts-15-of-staff\/","title":{"rendered":"Chainalysis cuts 15% of staff"},"content":{"rendered":"

Security-focused Chainalysis announced a cut of 150 employees, representing 15% of its workforce. Forbes<\/a> reports.<\/p>\n

In a corporate letter, chief executive Michael Gronager said that the project would have to leave the commercial market and focus on \u201cmore stable\u201d government contracts.<\/p>\n

Most of the layoffs hit marketing and business development teams focused on the private sector.<\/p>\n

\n

\u201cAlthough Chainalysis still has opportunities for long-term growth as a leading software-development company, we are focused on efficient growth and, given market conditions, we currently deem it necessary to cut our costs,\u201d said Madeleine Kennedy, head of communications.<\/p>\n<\/blockquote>\n

In her view, there are numerous issues to be addressed in the public sector, including anti-money-laundering rules, market conduct, and consumer protection.<\/p>\n

This is the second round of cuts for the company, which was valued at $8.6 billion in 2022. In February Chainalysis laid off 5%<\/a> of its staff, citing a harsh crypto winter.<\/p>\n

Over the past year, employment in the cryptocurrency sector fell by 10% \u2014 from 210,000 to 190,000 workers.<\/p>\n

Layoffs were announced by Robinhood<\/a>, Dapper Labs<\/a>, Polygon<\/a>, Magic Eden<\/a>, Protocol Labs<\/a>, Bittrex<\/a>, Luno<\/a>, Blockchain.com<\/a>, Huobi<\/a>, Bybit<\/a>, STEPN<\/a>, TrueLayer<\/a>, Chia Network<\/a> and others.<\/p>\n","protected":false},"excerpt":{"rendered":"

Security-focused Chainalysis announced a cut of 150 employees, representing 15% of its staff.<\/p>\n","protected":false},"author":1,"featured_media":85260,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[274,1276],"class_list":["post-85259","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-chainalysis","tag-layoffs"],"aioseo_notices":[],"amp_enabled":true,"views":"34","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/85259","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=85259"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/85259\/revisions"}],"predecessor-version":[{"id":85261,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/85259\/revisions\/85261"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/85260"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=85259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=85259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=85259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}