Messari cuts staff numbers

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Updated February 24, 2023 | Published February 24, 2023

2 mins read

Crypto analytics firm cuts 15% off workforce in bid to secure long-term future.

Crypto analytics firm Messari has cut 15% of its staff as part of restructuring plans designed to help the company’s long-term future.

Messari are the latest crypto firm to announce redundancies during what has been coined the ‘crypto winter’ with both Coinbase and Ethereum scaling platform Polygon Labs cutting 20% of its workforce over the past few months.

Crypto.com also laid off 20% of its workforce earlier this year having previously cut it by 5% in July last year.

Messari CEO Ryan Selkis stated in a series of tweets: “Yesterday [Wednesday] we made the difficult decision to restructure several of Messari’s internal teams, leading to a 15% staff reduction.

“We still plan to hire for a number of open roles and will continue working to bring better transparency and data standards to crypto. 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.”

The firm raised $35m in Series B funding last year, led by Brevan Howard Digital and including investments from Morgan Creek Digital, Samsung Next, FTX, Galaxy and Coinbase.

Selkis said at the time: “This new funding will help us grow our team, expand internationally and invest in new data offerings and tools that complete our market-leading product suite.”

Looking for your next crypto casino? Check out: Bitcasino, Gamb.co or FortuneJack.

Written by David Kent

David has more than a decade of sports betting and sports writing experience working with some of the biggest names in the industry. He focuses on articles covering these subjects including how crypto is transforming sportsbooks.
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