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Blockchain Analytics Firm Chainalysis Cuts 15% of Staff

Blockchain analytics firm Chainalysis has cut 15% of its workforce, the company said on Tuesday. This is the second round of layoffs by the New York-based firm in the past 12 months – the firm laid off 5% of its staff in February. Chainalysis, which specializes in analyzing and tracking crypto transactions for risk-management purposes, is said to have an employee base of 900. "While Chainalysis continues to be well positioned for long-term success as a consistently top-performing software company, we are very focused on growing efficiently," the company said in a statement. The layoffs are the latest in a series of job cuts by crypto firms, which include Coinbase (COIN) and Robinhood (HOOD).


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