Chainalysis releases 48 employees and prepares the reorganization of the structure

Chainalysis releases 48 employees and prepares the reorganization of the structure
After a year of crypto winter, in which former industrial groups have released large parts of their employees, in which desperate attempt to keep afraid of water, other companies also feel the bottleneck, even if they do not depend exclusively on the wealth prices.
decline in demand for private customers
According to Maddie Kennedy, the communication director of the blockchain research company Chainalysis, a round of discharge will be carried out shortly, which is aimed at personnel not belonging to the core business. According to Forbes, the wave of discharge will mainly hit the sales team. Another group of employees is not released, but receives new roles and a new organizational structure.
According to Chainalysis, the layoffs are necessary due to a massive decline in customers from the private sector, which, given the events in the past year, decided to use cryptocurrencies more carefully. Understandable if you keep everything in mind, from falling prices to exploits in abundance and abundance and business implosions epic dimensions.
However, it is worth noting that Chainalysis has lucrative contracts with investment -oriented companies such as BNY Mellon, but over half of the research company's income - around 60 %, to be precise - comes from contracts with various supervisory authorities. This includes the SEC, DEA and the FBI, which track down cybercriminals with their huge research team.chainalysis hopes that the reduction is temporarily
Although the income has decreased, Bloomberg reports that the discharge - which is already low compared to others that we saw last year in the industry - is only the first step in a larger restructuring process that goes through the chainalysis.
Michael Gronager, CEO of Chainalysis, indicated at the beginning of this month at the World Economic Forum in Davos, for future plans for his company.
This includes potential takeovers of nameless companies, presumably smaller research companies that could help chainalysis to consolidate its position, and a frenzy. If everything goes according to plan, Chainalysis could increase its workforce by around 11 % by the end of the year, which would increase the total number of workers by about 6 % compared to the workforce.
As Bloomberg found, the intensity of research by Chainalysis has strengthened in the last two months of 2022 due to the collapse of FTX and the subsequent search for missing funds. In view of the bankruptcy cases of Celsius, Voyager, FTX and others who do not get closer to a solution, it seems that Chainalysis will continue to spare his work.
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