PANews reported on October 3 that according to Forbes, Michael Gronager, CEO of blockchain analysis company Chainalysis, notified employees via email that about 150 people would be laid off, accounting for 15% of the total number of employees (900). The reason for the layoffs is that the company is continuing to retreat from the commercial market and shift towards the more stable government contract business, which currently accounts for 70% of Chainalysis' revenue. Chainalysis said it is expanding the investigative capabilities of its core product with an eye on the future needs of governments. According to previous news, Chainalysis laid off about 44 people in February this year, accounting for 4.8% of its total employees.

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