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.
JamieCrawleyCD chainalysis JamieCrawleyCD the figure is underreported. It’s much higher
chainalysis JamieCrawleyCD they will replace those jobs with AI
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