Messari crypto research firm cuts staff by 15% to streamline operations for growth
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Messari, a crypto market intelligence platform, announced that it was laying off 15% of its full-time employees to focus on growing its core product lines. The decision came amid a wave of crypto industry layoffs that have impacted several high-ranking crypto firms. Eric Turner, Messari’s CEO, said that the latest layoffs were part of an organizational restructuring intended to enhance the firm’s efficiency. These modifications involved further streamlining Messari’s operational structure. The downsizing actions revealed the growing need for crypto companies to adapt to market conditions and prioritize core competencies swiftly. Messari undergoes ‘déjà vu’ layoffs as history repeats itself .@MessariCrypto lays off roughly 15% of staff amid industry-wide cuts, CEO Turner confirmshttps://t.co/hZo71LXH4u pic.twitter.com/sy5OTHYZQB — ICO Drops (@ICODrops) January 11, 2025 Messari founder Ryan Selkis led the firm’s first layoff of 15% of its employees in 2023 when he was still the CEO. Last year, he stepped down for Turner following a series of ‘caustic incidents’ on social media. One of the many confrontations included an admittedly intoxicated Selkis saying he hoped Trump’s opponents would ‘die in a f—-g fire’ during the aftermath of the Republican candidate’s attempted assassination. Selkis engaged in several social media arguments over topics like cancel culture and immigration, among other conservative talking points. He decided to step aside as CEO, pointing out that it was the first time in 6.5 years that his politics and rhetoric had put the Messari team in ‘harm’s way’. Selkis was notably one of the vocal high-profile crypto commentators who supported Trump’s reelection and attended at least one gala at Mar-a-Lago. He described his terminal discussions with the firm as ‘tough love’. Messari’s latest downsizing reflected a broader trend of workforce optimization prevalent in the crypto industry. The current series of job cuts in the crypto industry affected stablecoin issuer…
Filed under: News - @ January 11, 2025 11:23 am