Crypto Layoffs Keep Piling up: Messari Dismisses 15% of its Headcount

Crypto Layoffs Keep Piling up: Messari Dismisses 15% of its Headcount
Cryptocurrency News
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Messari – a leading South Korean-based blockchain search and data analytics provider – added his name to the long list of crypto-oriented businesses that have downsized due to the challenging macro environment.

She laid off 15% of her staff as the right thing to do in the long term.

  • Messari's founder and CEO, Ryan Selkis, tweeted the news, saying the company will help departing employees transition to other organizations.
  • He highlighted the "adverse market winds" in the cryptocurrency industry and the technology sector as the main reason behind the "difficult" decision.
  • Despite the reduced team size, selkis says messari always seeks to hire people for a variety of open roles.
  • While the cryptocurrency market has improved considerably since early 2023, the wave of layoffs seems far from over.
  • Polygon Labs, Coinbase, Kraken, and Crypto.com are among those who fired a chunk of their staff during the past two months.
  • 2022 also witnessed many firms downsizing, with Bitso, BybitHuobi, BitMEX, OpenSea, Gemini, and many more being some examples.
  • The greatest crypto exchange in the world – binary – remains one of the few to present expansion plans. CEO Changpeng Zhao (CZ) assured last summer that the platform has a “healthy war chest,” opining that the bear market is a great time to hire more personnel.
  • He doubled down a month ago, saying Binance is looking to amplify its team by up to 30%.