Big changes happen at Messari, one of the most well-known names in blockchain research. In a decisive move, CEO Eric Turner has confirmed the layoff of 15% of the company’s workforce. This shift aims to sharpen focus on what Messari does best: delivering top-tier crypto data and insights. For now, the company has chosen not to announce the changes formally, but the impact is clear. “Streamlining for Growth”: The New Messari Direction The layoffs include full-time employees and contractors whose terms were not renewed. Notably, this is a common step for businesses at the start of a new year. Messari’s decision struggles in the crypto industry, with companies like Kraken, Sky Mavis, and Paxos cutting jobs. Even competitor CoinDesk has weathered multiple layoffs, signaling an industry-wide belt-tightening. For Messari, this is not a retreat; it is a refocus. Founded in 2018, the company has built a reputation for clear analytics, reliable pricing data, and its popular Mainnet conference in New York. These layoffs could signal a pivot toward consolidating its strongest assets. Ryan Selkis Fuels The Messari Legacy of Vision and Controversy Messari was started by Ryan Selkis, a leader known for being influential and controversial. Selkis pushed the company forward with big ideas, but his strong opinions on social media caused problems. In one case, he argued with critics of President-elect Donald Trump and made harsh comments during a political debate. Eventually, Selkis stepped down, saying his outspoken nature had put the company at risk. Turner’s Steady Hand in a Shifting Market Selkis’s departure paved the way for Eric Turner, a calmer and more focused leader, to take charge. Turner’s promotion to CEO marked a turning point. Under his leadership, Messari has shifted its approach. The firm moved from Selkis’ grand vision of hiring 1,000 analysts to a more streamlined, efficiency-driven model. Despite recent challenges, Messari remains a heavyweight in the crypto research space. Backed by financial giants like Point72 Ventures and Galaxy Digital, the company raised $35 million in its series B funding round in 2022 . Turner’s plan focuses on helping Messari’s smaller team deliver great insights while staying competitive. Messari’s restructuring is part of a larger story unfolding across the crypto world. After years of fast growth, companies face tough choices and must plan carefully. For Messari, this could be the fresh start it needs to succeed in a market where survival depends on focus and innovation. The post Messari Cuts 15% of Workforce as Crypto Industry Downsizes appeared first on TheCoinrise.com .
