Overview
- Crypto.com reduced headcount by about 12%—roughly 180 roles—after CEO Kris Marszalek said the exchange is integrating enterprise-wide AI and warned laggards would fail.
- Algorand Foundation confirmed a 25% reduction from a team of fewer than 200, attributing the move to macro uncertainty and a broader crypto downturn that has pressured its ALGO token.
- Gemini’s cumulative cuts reached roughly 30% since February after initially eliminating about 200 roles, with a shareholder letter declaring AI too powerful not to use.
- Across the firms cited—excluding undisclosed figures at Messari—roughly 450 layoffs were reported in weeks, as new crypto job postings slid to about 6.5 per day in January, down ~80% year over year.
- Messari executed another round of layoffs alongside a leadership change as it repositions as an AI-first company, reflecting a broader shift in strategy across the sector.