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Market Cap: $2,557,594,794,866     
24h Vol: $95,209,059,350
Seeking Alpha 2023-02-23 14:57:58

Crypto intelligence firm Messari lays off 15% of workforce amid restructuring

Crypto intelligence firm Messari lays off 15% of workforce amid restructuring
Cryptocurrency intelligence startup Messari said Thursday it has reduced its employee headcount by 15% as part of the company's restructuring effort. Messari is the latest crypto-focused firm to implement job cuts as the broader market downturn rumbles on. Earlier this week, ethereum ( ETH-USD ) scaling platform Polygon said it slashed 20% of its workforce. "We still plan to hire for a number of open roles and will continue working to bring better transparency & data standards to crypto," Messari CEO and Co-Founder Ryan Selkis wrote in a Twitter post . "Market headwinds (in crypto / tech generally) led to a tough decision. But I'm confident this move will put us on stronger footing long term." In September 2022, Messari raised $35M in a Series B funding round, at which now-bankrupt crypto exchange FTX's ( FTT-USD ) venture capital arm had invested .
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