Crypto Analytics Firm Messari Cuts 15% of Workforce as Part of Restructuring

The crypto intelligence firm, which is led by Ryan Selkis, had closed a $35 million Series B fundraising round last year.

AccessTimeIconFeb 23, 2023 at 12:43 p.m. UTC
Updated May 9, 2023 at 4:08 a.m. UTC

Crypto intelligence firm Messari has cut 15% of its employee base as part of a restructuring effort, the firm told CoinDesk.

"Messari reduced our global workforce by 15% as part of a restructuring. This was a difficult, but long-term focused realignment that will help us better serve our customer’s data needs in the rapidly evolving economic and tech climate. We are grateful for the contributions of the employees we have parted ways with, and have provided them with a separation package to ease the transition." Messari CEO Ryan Selkis told CoinDesk.

  • Kamala Harris Meme Coin Soars as Biden Drops Out; India’s Tax Policy Unlikely to Change
    01:54
    Kamala Harris Meme Coin Soars as Biden Drops Out; India’s Tax Policy Unlikely to Change
  • HNT Token Scores 40% Gains on Growing Adoption of Helium Mobile
    00:50
    HNT Token Scores 40% Gains on Growing Adoption of Helium Mobile
  • Tokens on WazirX Trade at Discount; Italy's Top Banks Complete Digital Bond Issuance on Polygon
    01:45
    Tokens on WazirX Trade at Discount; Italy's Top Banks Complete Digital Bond Issuance on Polygon
  • Profit-Making Crypto Address Makes New Investment of $16M in BTC
    00:59
    Profit-Making Crypto Address Makes New Investment of $16M in BTC
  • Messari is the latest in a string of prominent crypto companies announcing job cuts in an effort to weather the crypto winter that started last year. Both Coinbase and Ethereum scaling platform Polygon Labs cut 20% of their workforce in the past few months.

    "We still plan to hire for a number of open roles and will continue working to bring better transparency & data standards to crypto. Market headwinds (in crypto / tech generally) led to a tough decision. But I'm confident this move will put us on stronger footing long term." Selkis said in a tweet on Thursday.

    Last year, the crypto intelligence firm closed a $35 million Series B round led by Brevan Howard Digital.

    UPDATE (Feb. 23, 2023, 13:02 UTC): Adds Selkis' tweet and some details.


    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Parikshit Mishra

    Parikshit Mishra is CoinDesk's Deputy Managing Editor responsible for breaking news coverage. He does not have any crypto holdings.

    Omkar Godbole

    Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team.


    Read more about