According to ChainCatcher, Forbes reported that blockchain analysis company Chainalysis plans to lay off 44 employees, accounting for 4.8% of its total employees. The main reason is that as the price and trading volume of encrypted assets fall, the demand of the private sector has dropped sharply. In addition, Chainalysis focuses on developing new products focused on the financial industry.

Maddie Kennedy, director of communications at Chainalysis, confirmed the news and said that the layoffs were mainly sales staff. Chainalysis also reorganized about 5% of its employees. (Source link)