Overview
- Roughly 450 positions have been eliminated across named crypto firms in recent weeks, with more cuts possible as disclosures lag.
- Crypto.com said it will reduce headcount by about 12%, and CEO Kris Marszalek warned roles not adapting to company-wide AI will be targeted.
- Gemini’s reductions have reached roughly 30% since early February, and a shareholder letter said “AI is now too powerful not to use.”
- Algorand Foundation cut about 25% of its sub-200 workforce, pointing to macro weakness and a token slump, with community and business development roles affected.
- OP Labs shed 20 roles, PIP Labs let go of five full-time staff and three contractors, and Messari announced further layoffs alongside a CEO change as it shifts to an AI-first stance.