Nansen, a blockchain analytics platform, laid off approximately 30% of its workforce in early 2023, affecting around 30 employees out of a total of roughly 100. The cuts were part of a broader restructuring effort to streamline operations and extend the company's financial runway amid challenging market conditions in the cryptocurrency industry. As a mid-sized startup, Nansen cited the need to adapt to the ongoing crypto winter and focus on core business priorities to ensure long-term sustainability.
