Chainalysis, a blockchain analysis company backed by Singapore’s leading wealth fund GIC, has reduced its workforce by 15%.
The firm plans to curb expenses for potential long-term growth. Chainalysis had around 900 employees before the layoffs and has reduced its workforce by 135 people.
Moreover, the report revealed that the blockchain analysis company, founded in 2014, laid off around 5% of its employees in February this year.