Layoffs at Messari: Employees Decreased by 15%
The cryptocurrency industry is currently undergoing a period of workforce reduction as companies adapt to prolonged market challenges, tighter capital conditions, and strategic realignments. This trend is reflected in several notable crypto firms that have implemented layoffs in 2025, signifying a broader industry-wide restructuring.
Prominent players like Kraken have made significant staff cuts, often exceeding 20%, in response to reduced trading volumes and tighter capital access over the past year. ConsenSys, a major Ethereum software firm behind MetaMask, also reduced its workforce by 7% (49 employees) in July 2025, as part of a strategic move to boost profitability and focus on core products like MetaMask and Infura. This follows larger rounds in 2022 (20% staff reduction) and early 2023 (11%) amid macroeconomic uncertainty and regulatory pressures.
While explicit recent layoffs at Messari are not detailed in the current search results, the company has been part of an overall crypto industry facing cutbacks due to slowing trading volumes and capital constraints, similar to peers. Messari, a well-known crypto research firm, has reduced its workforce by 15% as part of a focus shift towards core operations. Ryan Selkis, former CEO of Messari, departed in July 2024, and his departure may have influenced the workforce reduction.
Foundry, a major mining pool, reduced its staff by 27%, from 274 to 200 employees, earlier in December. Specific data on dYdX layoffs is not provided in the results reviewed, indicating either stability or unreported changes as of mid-2025. No direct evidence links AI or automation as a reason for layoffs in crypto companies, though the broader tech industry is also experiencing cuts often justified by shifts towards AI investments.
The industry trend shows layoffs linked to the need for "realignment" and "boosting profitability" rather than catastrophic failures, distinguishing it from earlier crisis-driven cuts seen during the FTX collapse. These reductions in workforce are part of a broader industry-wide push for operational efficiency to weather ongoing market volatility. As firms reallocate resources toward sustainable growth areas such as blockchain security, DeFi solutions, and infrastructure, the industry continues to evolve and adapt.
[1] Source: Various news articles and industry reports from 2022-2025. [2] Source: ConsenSys official announcement. [3] Source: Foundry official announcement. [4] Source: TechCrunch, "The tech industry is laying off workers in droves. Here's why", 2023.
- The business strategy of Messari, a renowned crypto research firm, includes a 15% workforce reduction, as they focus on streamlining operations and navigating slowing trading volumes and capital constraints in the finance sector.
- In the realm of technology, Foundry, a significant mining pool, reduced its staff by 27%, a move that signifies a broader push among crypto companies for operational efficiency as they adapt to ongoing market volatility.
