Messari: Further Layoffs in the Crypto Industry

by A1

3 hours ago

Messari announced laying off 15% of its employees to focus on core product lines amid a wave of industry-wide layoffs.

Messari's Layoffs

Eric Turner, CEO of Messari, stated that the layoffs were part of a restructuring to boost efficiency, highlighting the need for crypto companies to adapt to market conditions and focus on core competencies.

Leadership Issues

Messari founder Ryan Selkis led the first layoffs in 2023 and later stepped down due to social media incidents. His political views had put the Messari team at risk, prompting him to hand over leadership to Turner.

We made some changes to our organizational structure to streamline the business and double down on the growth we’ve seen across our core product lines.Eric Turner

Industry Trends

Messari's downsizing reflects a broader trend of workforce optimization in the crypto industry, with recent layoffs also affecting Paxos, Kraken, and Sky Mavis.

The layoffs at Messari and others in the crypto industry underscore the need for adaptation and focus on key priorities in a changing market.

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