Cryptocurrency research firm Messari is reducing its headcount by 15% to streamline growth operations
Messari, a cryptocurrency market intelligence platform, announced that it will lay off 15% of its full-time employees to focus on growing its core product lines. The decision came amid a wave of layoffs in the cryptocurrency industry that has affected several high-profile cryptocurrency companies.
Eric Turner, CEO of Messari, said the recent layoffs were part of an organizational restructuring aimed at enhancing the company’s efficiency. These modifications included a further simplification of Messari’s operational structure. Downsizing measures have revealed the growing need for cryptocurrency companies to adapt to market conditions and quickly prioritize core competencies.
My path is undergoing layoffs and “déjà vu” as history repeats itself
.@MessariCrypto CEO Turner confirms that approximately 15% of staff will be cut amid industry-wide cuts pic.twitter.com/sy5OTHYZQB
— ICO Drops (@ICODrops) January 11, 2025
Masari founder Ryan Selkis He drove The company first laid off 15% of its employees in 2023 while he was still CEO. Last year, he resigned in favor of Turner after a series of “vitriolic incidents” on social media. One of several confrontations involved a drunken Selkis saying he hoped Trump’s opponents would “die in a bonfire” in the wake of the attempted assassination of the Republican nominee.
Selkis has engaged in numerous arguments on social media on topics such as cancel culture and immigration, among other conservative talking points. He decided to step down from his position as CEO, stating that this was the first time in 6.5 years that his policies and rhetoric had put Masari’s team in “harm’s way.” Selkis in particular was one of the prominent cryptocurrency commentators who supported Trump’s re-election and attended at least one party at Mar-a-Lago. He described his final discussions with the company as “tough love.”
Messari’s recent downsizing reflects the broader trend of workforce optimization prevalent in the cryptocurrency industry. The current series of job cuts in the cryptocurrency industry has affected stablecoin issuer Paxos, US-based Kraken exchange, and Axie Infinity game developer Sky Mavis.
“We made some changes to our organizational structure earlier this week to simplify the business and maximize the growth we have seen across our core product lines.”
~Eric Turner
It appears that the company did not announce the news, but a source familiar with the current developments revealed that the company will not renew many contractors this year.
2025 saw layoffs in the technology sector continuing from 2024
According to the independent layoff tracker Layoffs. FYIThe year 2024 witnessed the loss of more than 150,000 jobs in 545 technology companies. Four technology companies have already laid off more than 430 employees in 2025 alone.
In January, Altruist reduced its workforce by 10% after laying off 37 of its employees amid “aggressive hiring.” Jason Wink, Founder and CEO of Altruist, He said The company has separated 37 of its 460 employees in a strategic effort to align each role with the company’s mission and long-term goals. One employee claimed the shock and sudden redundancy was done in a way that “lacks empathy”.
Aqua Security Announce On January 7, the company was laying off dozens of its 450 employees worldwide, including 20 in Israel, as part of a strategic reorganization. Aqua Security said in a statement that the layoffs were intended to focus on “customer needs and leveling out the organization.”
SolarEdge Technologies went public on January 6th when Reuters It said it plans to lay off 400 employees worldwide, its fourth job reduction in 12 months. The company expected to record charges of about $3 million to $5 million and save about $9 million to $11 million due to layoffs. The company is dealing with excess inventory amid weak demand in major markets such as Europe.
Fintech startup level It closed abruptly earlier this year, although Employer.com has a new bid under consideration to acquire the company after its closure. CEO Paul Aron Emailed to explain That the company’s closure was due to a failed attempt to find a buyer.
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