Odaily Planet Daily News: Michael Gronager, CEO of blockchain analysis company Chainalysis, notified employees via email that it would lay off about 150 people, slightly more than 15% of its total 900 employees. The reason for the layoffs is that the company is continuing to withdraw from the commercial market and turn to a more stable government contract business, which currently accounts for 70% of Chainalysis' revenue. Chainalysis said it is looking at the future needs of the government and expanding the investigative capabilities of its core products. (Forbes) As previously reported by Odaily, in February this year, blockchain analysis company Chainalysis will lay off about 44 people, accounting for 4.8% of its total employees (900). The main reason for the layoffs is the collapse of private sector demand as crypto asset prices and trading volumes fall, in addition to its refocus on developing new products focused on the financial industry and paying more attention to public customers.
