#Messari lays off 15% of its workforce#
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Overview
Cryptocurrency research firm Messari has announced layoffs of about 15%, 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, adding that some contract employees' contracts were not renewed, which is common at the beginning of the year. Founded in 2018, Messari is a major player in the blockchain research space and was valued at $300 million in 2022.
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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 contract workers. Founded in 2018, Messari is a major player in the blockchain research space and was valued at $300 million in 2022. Despite the layoffs, Messari remains committed to supporting its core product lines and continuing to play a significant role in the cryptocurrency research space.
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Classic Views
Messari laid off about 15% of its staff to streamline its business structure and focus on the growth of its core product lines.
Messari's layoffs are part of a broader wave of layoffs in the crypto industry.
Messari's layoffs include the dismissal of about 15% of its employees and the termination of contracts with some contractors.
Founded in 2018, Messari is a major institution in the blockchain research field and was valued at $300 million in 2022.