Blockchain analysis company Chainalysis plans to lay off 44 employees, accounting for 4.8%

ChainCatcher news, according to Forbes, blockchain analysis company Chainalysis plans to lay off 44 employees, accounting for 4.8% of its total workforce. The main reason is the sharp decline in private sector demand as cryptocurrency asset prices and trading volumes fall. Additionally, Chainalysis is focusing on developing new products aimed at the financial industry.

Chainalysis's communications director Maddie Kennedy confirmed the news, stating that the layoffs primarily affect sales personnel. Chainalysis is also restructuring about 5% of its staff. (source link)