{"id":167332,"date":"2023-10-03T15:57:43","date_gmt":"2023-10-03T10:27:43","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=167332"},"modified":"2023-10-03T15:57:43","modified_gmt":"2023-10-03T10:27:43","slug":"chainalysis-cuts-150-employees-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/chainalysis-cuts-150-employees-crypto-news\/","title":{"rendered":"Chainalysis cuts 150 employees\u00a0 &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/crypto-hackers-defi-bridges-chainalysis\/\">Chainalysis<\/a>, a New York-headquartered blockchain intelligence firm, is reportedly laying off about 150 employees, or approximately 15% of the 900 staff members.<\/p>\n<p><strong><em>See related article: \u2018<\/em><\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/theres-no-doubt-we-picked-a-side-here-chainalysis-founder-michael-gronager-talks-analytics-ukraine-and-crypto-adoption-in-asia\/\">There\u2019s no doubt we picked a side here\u2019 \u2014 Chainalysis founder Michael Gronager talks analytics, Ukraine and crypto adoption in Asia<\/a><\/p>\n<h3 class=\"wp-block-heading\">Fast Facts<\/h3>\n<ul>\n<li>The majority of the layoffs will come from marketing and business development teams focused on the private sector, according to an internal company email from Chainalysis Chief Executive Officer Michael Gronager seen by <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.forbes.com\/sites\/stevenehrlich\/2023\/10\/02\/chainalysis-idling-150-employees-as-chill-of-crypto-winter-persists\/\">Forbes<\/a>.<\/li>\n<li>Gronager added that the company will shift its focus from the commercial market to more stable government contracts.<\/li>\n<\/ul>\n<ul>\n<li>This is the second round of layoffs this year for the blockchain company, after reducing its headcount by 44, or 4.8% of its staff, in February.\u00a0<\/li>\n<\/ul>\n<ul>\n<li>The announcement comes during a bear market when the global crypto market capitalization is down 63% from its all-time high of US$3 trillion in November 2021.\u00a0<\/li>\n<\/ul>\n<ul>\n<li>The largest cryptocurrency exchanges, such as <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/video-audio\/binance-cuts-manpower-token2049-singapore\/\">Binance.US<\/a> and Coinbase, have also announced layoffs earlier this year due to the continued bear market conditions.<\/li>\n<li>Madeleine Kennedy, the vice president of communications at Chainalysis, told <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.forbes.com\/sites\/stevenehrlich\/2023\/10\/02\/chainalysis-idling-150-employees-as-chill-of-crypto-winter-persists\/\">Forbes<\/a> that the firm has sufficient funds to survive the bear market, but didn\u2019t provide any specific numbers.<\/li>\n<\/ul>\n<p><strong><em>See related article: <\/em><\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/bitwise-launch-two-ethereum-futures-etfs\/\">Bitwise to launch two Ethereum Futures ETFs<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Chainalysis, a New York-headquartered blockchain intelligence firm, is reportedly laying off about 150 employees, or approximately 15% of the 900 staff members. See related article: \u2018There\u2019s no doubt we picked a side here\u2019 \u2014 Chainalysis founder Michael Gronager talks analytics, Ukraine and crypto adoption in Asia Fast Facts The majority of the layoffs will come [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":167333,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-167332","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/167332","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=167332"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/167332\/revisions"}],"predecessor-version":[{"id":167334,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/167332\/revisions\/167334"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/167333"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=167332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=167332"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=167332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}