Wu Shuo learned that Algorand Foundation stated that due to global macro uncertainty and the decline in the crypto market, it has laid off approximately 25% of its staff. The foundation said this move aims to align resource allocation more closely with the protocol's long-term business, technology, and ecosystem development priorities, and will continue to advance Algorand network and ecosystem construction. Since 2026, multiple institutions including PIP Labs, Gemini, and Polygon have also laid off staff in succession.
Wu Shuo learned that Algorand Foundation stated that due to global macro uncertainty and the decline in the crypto market, it has laid off approximately 25% of its staff. The foundation said this move aims to align resource allocation more closely with the protocol's long-term business, technology, and ecosystem development priorities, and will continue to advance Algorand network and ecosystem construction. Since 2026, multiple institutions including PIP Labs, Gemini, and Polygon have also laid off staff in succession.