According to reports, a corporate representative confirmed that Chainalysis, a US-based blockchain analysis startup, had laid off approximately 5% of its personnel.
900 people were employed before the layoffs, according to Bloomberg.
The departures, the business continued, coincided with an internal restructure that predominantly affected its go-to-market team.
“As a part of this reorganization, some folks will have new roles, responsibilities, and reporting lines,” the company said in a statement. “Chainalysis is well-capitalized and will continue to hire and build out teams aligned with our refocused strategy in 2023.”
The company, which was founded in 2014, is active in more than 70 nations. Among others, it offers cryptocurrency exchanges, government organizations, and cybersecurity companies’ blockchain data, software, services, and research.
Chainalysis raised US $170 million in a series F financing in May 2022, with the help of the GIC sovereign wealth fund in Singapore.
