Crypto data provider Nansen has become the last company in the industry to announce layoffs, as the collapse of cryptocurrency prices last year continues to have an impact.
Chief Executive Officer Alex Svanevik said Wednesday that the Singapore-based company was cutting 30% of its staff, as a result of last year's "brutal" crypto bear market.
Svanevik said the company, established in 2019, had hired too quickly in its early years. A company spokesman said all those who will be laid off have been informed, without providing further details.