Chainalysis is cutting around 15% of its workforce, citing ongoing challenges in the crypto market. This is the second round of layoffs in 2023, with approximately 135 employees affected. The company had previously reduced staff by 40-50 employees in February due to market conditions. The cuts primarily impact marketing and business development teams focused on the private sector. The crypto market has been struggling, with declining market capitalization and Bitcoin unable to surpass $30,000. Other companies in the industry have also had to make similar workforce reductions.