Blockchain analytics firm Chainalysis has cut its workforce by 15%, or around 135 employees, due to the ongoing bear market in cryptocurrencies. The company, which had around 900 staff before the cuts, said it was focused on "growing efficiently" and needed to reduce expenses. The move follows a round of job cuts in February, when Chainalysis let go of 40-50 employees. Digital asset market capitalization has fallen 64% from its peak nearly two years ago, and Bitcoin has remained range-bound for the past six months.