#Messari lays off 15% of its workforce#
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Overview
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 layoffs were designed to "streamline the business and double down on the growth of our core product lines." The company also decided not to renew contracts with some contractors. 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 operations 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 affected about 15% of its employees, and the company also decided not to renew contracts with some contractors. Founded in 2018, Messari is a major player in the blockchain research space and was valued at $300 million in 2022. While layoffs are common at the beginning of the year, Messari's layoffs reflect the current market conditions in the cryptocurrency industry and the company's strategic adjustments for future development.
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Classic Views
Messari laid off 15% of its workforce to streamline its business structure and double down on the growth of its core product lines.
Messari's layoffs are part of the company's organizational restructuring, aimed at optimizing business operations.
Messari's layoffs also include the non-renewal of contracts for some contract employees, which is common at the beginning of the year.
Messari is a leading blockchain research firm that was valued at $300 million in 2022.