Blockchain Analytics Firm Chainalysis to Cut Jobs in Reorganization

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Blockchain Analytics Firm Chainalysis to Cut Jobs in Reorganization
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.chainalysis will cut jobs as part of a reorganization as it attempts to adjust to new challenges in the crypto industry. By JamieCrawleyCD

Blockchain analytics company Chainalysis is cutting headcount as it reorganizes to adjust to challenges in the crypto market.

The New York-based firm, which specializes in analyzing and tracking crypto transactions for risk-management purposes, said the reorganization will primarily effect its"go-to-market" team. "As a part of this reorg, some folks will have new roles, responsibilities, and reporting lines," a Chainalysis spokesperson told CoinDesk in an emailed statement."Unfortunately we will also part ways with some incredibly talented people within our team."

The cuts will affect less than 5% of Chainalysis' staff, the company said. The firm said it employs over 900 people, meaning the cuts would amount to 40-50 jobs. Jobs cuts across the crypto industry have been a feature of the past few months as firms have adjusted to bear-market conditions. CoinDeskRemoves Bloomberg attribution for job cut numbers.

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