- Turner said earlier this week that the company had made some changes to its organizational structure.
- The move is part of a larger trend of layoffs in the cryptocurrency sector.
According to a direct message from CEO Eric Turner to The Block, about fifteen percent of the staff at cryptocurrency data portal Messari has been laid off. As part of efforts to “simplify the business and double down on the growth we’ve seen across our core product lines,” Turner said earlier this week that the company has made some changes to its organizational structure.
It seems that the company has not announced this news yet. The 15% figure represents the number of “full-time” workers affected by layoffs. As usual at the beginning of the new year, the company chose not to renew a number of contracts. This is according to what a person familiar with the matter said.
Part of a larger trend
The move is part of a larger trend of layoffs in the cryptocurrency sector. Which recently included companies such as stablecoin issuer Paxos, Axie Infinity, and the American Stock Exchange Kraken.
Among the most prominent blockchain research companies, Messari was founded in 2018. In addition to providing price data and organizing an annual conference in New York City called Mainnet, the company also releases analytical papers on new cryptocurrency sectors.
Former CEO Ryan Selkis resigned last year after a series of scathing online comments. Including a message in which he wished Trump’s opponents would “die in a conflagration” in the wake of the Republican nominee’s first assassination attempt.
With the US election approaching, Selkis has been involved in many online discussions. Coverage of hot-button conservative issues including immigration and cancel culture. Like many prominent cryptocurrency analysts, he attended the Mar-a-Lago party and spoke in favor of Trump’s re-election campaign.
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