CertiK, a security-audit-focused smart-contract auditor, carried out a workforce optimization in response to market dynamics. CoinDesk reports.
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“Our main goal is to restructure the team to better align with long-term strategic ambitions. CertiK remains committed to its mission and is confident that these changes will be important steps on the path to achieving its goals,” explained co-founder and CEO Ronghui Gu.
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According to him, the layoffs affected “less than 15%” of staff.
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The auditor joined the wave of mass layoffs in the industry. In October announced the layoff of 150 employees by Chainalysis, a security-focused company.
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In the same month, Yuga Labs, the studio behind the NFT collection Bored Ape Yacht Club, announced a staff restructuring.
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Also joining the list were Robinhood, Dapper Labs, Polygon, Magic Eden, Bittrex, Luno, Blockchain.com, Huobi, Bybit, STEPN, TrueLayer, Chia Network, Protocol Labs and others.
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In April 2022, CertiK raised $88 million at a $2 billion valuation, and later — another $60 million.