#Messari lays off 15% of its workforce#
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Overview
Cryptocurrency research firm Messari announced this week that it is laying off about 15% of its workforce, a move aimed at streamlining its business structure and focusing on the growth of its core product lines. Messari CEO Eric Turner said the layoffs are part of the company's efforts to streamline its operations and double down on the growth of its core product lines, and that some contract workers' contracts were not renewed. Founded in 2018, Messari is a major player in the blockchain research space and was valued at $300 million in 2022. The layoffs are part of a recent wave of layoffs in the crypto industry, reflecting the current crypto market downturn and overall industry contraction.
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Analysis
Cryptocurrency research firm Messari laid off about 15% of its workforce this week, a move aimed at streamlining its business structure and focusing on the growth of its core product lines. Messari CEO Eric Turner said the company made some adjustments to its organizational structure to streamline operations and double down on the growth of its core product lines. The layoffs are part of a broader wave of layoffs in the crypto industry, and Messari also decided not to renew contracts with some contractors. Founded in 2018, Messari is a major player in the blockchain research space and was valued at $300 million in 2022. While the layoffs were a difficult decision, Messari hopes that by streamlining its business structure, it can better focus on the growth of its core product lines and achieve greater success in the future.
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Classic Views
Messari laid off about 15% of its workforce, aiming to optimize its business structure and focus on the growth of its core product lines.
The layoffs are part of an overall trend of layoffs in the crypto industry, aimed at streamlining operations and improving efficiency.
Messari's layoffs involved some contract employees, which is common at the beginning of the year.
Messari remains a major institution in the blockchain research space, with a valuation of $300 million in 2022.