Crypto Layoffs Keep Piling Up: Messari Dismisses 15% of Headcount

• Messari, a leading provider of blockchain research and data analysis based in South Korea, has laid off 15% of its staff due to „market headwinds“ in the cryptocurrency sector.
• Ryan Selkis, Founder and CEO of Messari, announced the news on Twitter, asserting that the company will help departing employees with their transition.
• Despite reducing team size, Messari is still looking to hire people for open roles.

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

Messari – a leading provider of blockchain research and data analysis based in South Korea – has added its name to the long list of crypto-focused companies that have axed their workforce due to the macroeconomic environment. The company announced it had laid off 15% of its staff as a result of „market headwinds“ in the cryptocurrency industry.

Announcement from Ryan Selkis

Ryan Selkis – Founder and CEO of Messari – announced the news on Twitter, asserting that the company will provide resources and connections to help departing employees transition into other organizations. Despite reducing team size, he also said they are still looking to hire people for open roles.

Cryptocurrency Market Conditions

The cryptocurrency market has improved significantly since early 2023; however, many other crypto-focused companies have followed suit with layoffs such as Polygon Labs, Coinbase, Kraken and Crypto.com.

Long Term Benefits

Selkis believes this is a necessary step for the long run success of Messari as they navigate these challenging market conditions. He also said they are committed to helping those affected by this decision find new employment opportunities while continuing to grow their business through hiring new talent in other areas where needed.

Conclusion

Although difficult decisions must be made during tough times like these for companies like Messari to continue operating successfully; it is reassuring to know there are still job openings available within this space despite recent layoffs occurring across different organizations within the industry.