PANews reported on February 2 that according to Forbes, blockchain analysis company Chainalysis is laying off about 44 of its 900 employees, accounting for 4.8% of its total workforce. Maddie Kennedy, the company's communications director, confirmed that Chainalysis announced that it would "reorganize" less than 5% of its employees, adding that some employees would be responsible for new roles and positions, while other employees who were mainly engaged in sales would be laid off.

The media claimed that it had obtained details in a message released by Chainalysis leadership, and the main reason for the layoffs was the sharp drop in demand from the private sector as digital asset prices and trading volumes plummeted. Other reasons included a renewed focus on developing new products for the financial sector and a greater emphasis on public customers.