Quick take:
- Casey Wagner, who covered economic and crypto policy, posted: “Sad to report that I was impacted by Blockworks’s decision to shut down its news division.”
- Katherine Ross, former senior editor at the company, shared: “Sad to say I was also impacted by these layoffs … I can’t wait to see where my incredibly talented ex-colleagues land.”
- Blockworks co-founder Jason Yanowitz shared a statement on the X platform announcing the shutdown of the news division and explaining the company’s new data-focused direction.
Blockworks is reportedly shutting down its News division, according to social media posts from former employees. Former staffer, Casey Wagner, who covered economic and crypto policy, posted: “Sad to report that I was impacted by Blockworks’s decision to shut down its news division.”
Wagner, who says she joined the team as a founding reporter in 2021, added that she was proud of her achievements with the team over the past few years and plans to continue working in the crypto domain.
“Media is an undeniably challenging business, but journalism is indispensable, especially when it comes to an emerging industry like crypto,” she said.
Replying to Wagner, Katherine Ross, former senior editor at the company, shared: “Sad to say I was also impacted by these layoffs.”
“So proud of the work our team did and, while I’m bummed I won’t be working with everyone directly anymore, I can’t wait to see where my incredibly talented ex-colleagues land.”
Fortune magazine and crypto editor, Jeff Roberts, said via an X post that just six months ago, Jason Yanowitz told him that “news and audience trust were foundational to Blockworks’ business strategy,” he posted on the X platform, reacting to the layoff reports.
At around 3 pm Eastern time, Blockworks co-founder Jason Yanowitz shared a statement on X announcing the shutdown of the news division and explaining the company’s new data-focused direction.
“Over the past two years, we have seen particularly rapid growth in our data business. The market is telling us that our combo of data + distribution is extremely valuable. Every day, we hear from both investors and protocols that Blockworks data is critical to their daily workflow,” Yanowitz wrote.
According to Yanowitz, the company is now going all in on what he and fellow co-founder Mike “believe is the greatest opportunity we’ve seen since launching Blockworks in 2017.”
On shutting down the news division, he pointed to the evolution of the space, saying, “There are many strong crypto media publications. Great journalists combined with new tools have raised the bar in reporting, and traditional outlets have also improved.”
He also believes that “users are increasingly looking toward data as a primary information source.”
Stay on top of things:
Subscribe to our newsletter using this link – we won’t spam!
