The Algorand Foundation on Wednesday joined the ranks of crypto firms slashing headcount, losing 25% of its fewer than 200 employees and citing "the uncertain global macro environment" and a broader crypto downturn. "Not using AI at Gemini will soon be the equivalent of showing up to work with a typewriter instead of a laptop." To be fair, the company blamed the broader crypto environment. New job postings across major crypto job boards ran at roughly 6.5 per day in January, down around 80% from the same period a year earlier. Just the companies mentioned in this story — excluding Messari, which did not disclose numbers — have announced around 450 job cuts in a matter of weeks.
