{"id":77010,"date":"2026-03-20T12:04:00","date_gmt":"2026-03-20T12:04:00","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=77010"},"modified":"2026-03-20T12:04:00","modified_gmt":"2026-03-20T12:04:00","slug":"crypto-cuts-continue-algorand-trims-25-of-workforce","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=77010","title":{"rendered":"Crypto Cuts Continue: Algorand Trims 25% Of Workforce"},"content":{"rendered":"
\n

Peter Brandt thinks the crypto market has not hit bottom yet. If he is right, the Algorand Foundation\u2019s decision to cut 25% of its staff may be just one of many similar moves still to come across the industry.<\/p>\n

A Leaner Team, A Packed Roadmap<\/h2>\n

The Algorand Foundation announced the layoffs Wednesday, pointing to a rough stretch in global markets and a sustained pullback in crypto prices as the driving forces behind the decision.<\/p>\n

The foundation described the move <\/a>as painful but necessary, saying it had reached a more sustainable alignment between its spending and its long-term goals.<\/p>\n

Affected workers were described as top contributors, and the organization said it would help them through the transition.<\/p>\n

What makes the timing unusual is what the Foundation has on its plate for the year ahead. Reports<\/a> indicate the organization is still pushing forward with several major projects \u2014 including the next big update to its developer toolkit AlgoKit, the launch of a new wallet called Rocca, and continued work on post-quantum security.<\/p>\n

Cutting a quarter of your team while announcing an ambitious workload is a balancing act, and it remains to be seen whether the remaining staff can carry the load.<\/p>\n

\n

Today, the Algorand Foundation made the difficult decision to reduce our workforce by 25%. This decision was not taken lightly and is in response to the uncertain global macro environment as well as the broader downturn in crypto markets.<\/p>\n

These employees have been best-in-class\u2026<\/p>\n

\u2014 Algorand Foundation (@AlgoFoundation) March 18, 2026<\/a><\/p>\n<\/blockquote>\n

Bitcoin Down 44%, And Counting<\/h2>\n

The layoffs<\/a> did not happen in a vacuum. Bitcoin is currently trading around $70,000 \u2014 roughly 45% below its all-time high of $126,000, which it hit in October.<\/p>\n

At its lowest point earlier this year, it fell to $60,000. For foundations that hold portions of their treasury in crypto, a drop like that translates directly into less money to pay staff and fund operations.<\/p>\n

Algorand has not been sitting still. Based on a December roadmap update, the Foundation reported it had doubled the amount of ALGO staked online \u2014 from around 1 billion to 2 billion \u2014 over the span of a little more than a year.<\/p>\n

<\/p>\n

That kind of growth signals momentum on the technical side, even as the financial pressures mount.<\/p>\n

This Is Not The First Time The Crypto Industry Has Done This<\/p>\n

The crypto world has been through rounds of staff cuts before. During the 2022 downturn, Coinbase reduced headcount by 18%, and Gemini cut 10% of its workforce.
\nBoth moves came as Bitcoin was trading near two-year lows around $21,000.<\/p>\n

This week, blockchain data company Messari also announced layoffs and the departure of its CEO, who stepped down as the company shifted its focus toward artificial intelligence.<\/p>\n

Bullish CEO Tom Farley recently said the sector could see more consolidation ahead, with larger firms absorbing smaller ones and trimming overlapping roles in the process.<\/p>\n

For the Algorand Foundation, the message is straightforward: do more with less, and stay the course.<\/p>\n

Featured image from Unsplash, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Peter Brandt thinks the crypto market has not hit bottom yet. If he is right, the Algorand Foundation\u2019s decision to cut 25% of its staff may be just one of many similar moves still to come across the industry. A Leaner Team, A Packed Roadmap The Algorand Foundation announced the layoffs Wednesday, pointing to a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-77010","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/77010","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=77010"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/77010\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=77010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=77010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=77010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}