Blockchain analytics platform Nansen has announced the trimming of its workforce by 30%. On May 30, Nansen CEO Alex Svanevik disclosed on Twitter that the company had to make an “extremely difficult decision to reduce the size of the Nansen team.”
Svanevik gave two major reasons for the reduction in Nansen’s workforce. The first was the company’s rapid scaling during its initial years of operation, which “led the organization to taking on surface area that’s not truly part of Nansen’s core strategy.”