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Messari lays off 15% of full-time staff

Messari, a prominent crypto data platform, has announced a reduction of 15% in its full-time workforce. This effort aims to streamline operations and hone in on its primary product offerings as the crypto industry faces considerable challenges.

CEO Eric Turner explained that these organizational changes were necessary to align business activities and reinforce growth in their essential product lines. The decision comes as the company grapples with fallout from the resignation of founder Ryan Selkis amid public controversies.

The layoffs at Messari reflect a broader trend within the tech and crypto sectors, which has seen over 150,000 employees laid off in 2024 alone. Other MAJOR players like Kraken and Sky Mavis are similarly adjusting their strategies, signaling ongoing volatility in the market.

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