Blockchain analysis company Chainalysis layoffs 20%

Blockchain analysis firm Chainalysis fired 39 employees, accounting for about 20% of its workforce. Chainalysis Communications Director Maddie Kennedy said that the layoffs were distributed in almost all positions and the R&D team had the largest reduction. Kennedy said layoffs helped put the five-year-old Chainalysis on the “profit path”, enabling the company to shift resources to product teams and market strategies.