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News

Messari Layoffs Happen For The First Time After 2 Years Of Restructuring

2 mins mins

Key Points:

  • Messari layoffs have occurred, with 15% of its full-time staff affected as part of annual restructuring amid wider layoffs in the crypto industry.
  • Founded in 2018, Messari is a leading blockchain research firm known for its reports and the Mainnet conference but has faced staff cuts.
Crypto data site Messari has laid off about 15% of its workforce, according to the firm’s CEO, Eric Turner, in a statement to The Block.
Messari Layoffs Happen For The First Time After 2 Years Of Restructuring

Read more: Messari Analyzes FTX Can Return Users 50% Of Their Assets

Messari Layoffs Take Place Amid Crypto Industry Downsizing

The Messari layoffs affected full-time workers, but on top of those, several contractors were also not renewed as part of the firm’s annual restructuring.

This move follows the wider trend of layoffs within the cryptocurrency sector, including firms like Kraken, blockchain game developer Sky Mavis, and stablecoin issuer Paxos.

Messari is one of the top blockchain research firms known for its deep reports on emergent crypto sectors and its provision of crucial pricing data. It also organizes the annual Mainnet conference in New York City. The firm was founded in 2018.

Messari had previously laid off similar numbers of staff in 2023, letting go of another 15% of its workforce as part of a broader restructuring plan.

CEO Ryan Selkis’ Political Stance Amid Messari’s Restructuring

Beyond its blockchain research focus, Messari has also faced scrutiny over its founder, Ryan Selkis, who has been vocal on political issues. Ahead of the U.S. election, Selkis had been involved in a number of public spats on issues such as immigration and cancel culture, espousing conservative-leaning views and expressing support for the re-election campaign of former President Donald Trump.

The Messari layoffs and financial restructuring come after the firm successfully raised $35 million in a Series B round led by Brevan Howard Digital back in 2022.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Harold

11 January 2025, 03:52:00 GMT +0000

With a passion for untangling the complexities of the financial world, I’ve spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. “The financial markets are a fascinating puzzle,” I often say, “and I love helping people make sense of them.” That’s what drives me to bring clear and insightful financial journalism to the readers of Coincu.