The Algorand Foundation, the organization supporting the Algorand layer-1 blockchain, has announced a 25% reduction in its workforce. The foundation described the move as a difficult response to ongoing uncertainty in global markets and a broader decline in crypto asset values.
In a statement, the foundation said it now has a more sustainable alignment of resources with its long-term technology and ecosystem priorities. It pledged to support affected staff through the transition, calling them best-in-class contributors.
The cuts arrive as the foundation prepares several upcoming milestones, including a new release of its developer toolkit AlgoKit, the launch of the Rocca Wallet, and a focus on post-quantum security. The foundation also reported in December 2025 that ALGO online stake had grown from roughly 1 billion to 2 billion ALGO over the past year.
The wider crypto industry has seen similar workforce reductions during past downturns. Coinbase cut around 18% of staff during the 2022 bear market, while Gemini reduced headcount by approximately 10% around the same period.
Originally reported by CoinTelegraph.
