{"id":7620,"date":"2026-03-19T08:00:37","date_gmt":"2026-03-19T08:00:37","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=7620"},"modified":"2026-03-19T08:00:37","modified_gmt":"2026-03-19T08:00:37","slug":"algorand-foundation-cuts-25-of-staff-amid-crypto-downturn","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=7620","title":{"rendered":"Algorand Foundation Cuts 25% of Staff Amid Crypto Downturn"},"content":{"rendered":"<p><\/p>\n<div>\n<div id=\"blockquote-block_e39752541e1bea77b50291b66d9bf972\" class=\"blockquote-container\" style=\"border-color: #5100fc\">\n<div class=\"blockquote-text\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The Algorand Foundation announced a 25% workforce reduction on March 18, 2026, affecting approximately 50 staff from a total of fewer than 200.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">The layoffs came one day after US regulators issued joint guidance classifying ALGO as a digital commodity rather than a security.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">The layoffs coincide with a broader wave of 2026 crypto industry job cuts.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p>The Algorand Foundation said on March 18 that it had cut about 25% of its staff, citing weak crypto market conditions and a worsening macroeconomic environment.<\/p>\n<p>The foundation had fewer than 200 employees, which puts the number of affected roles at roughly 40 to 50, although it did not give an exact figure.\u00a0<\/p>\n<p>It did not say which teams or programs were affected. In its statement, the foundation said the layoffs were intended to better match its resources with Algorand\u2019s long-term business, technology and ecosystem priorities.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">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<p>These employees have been best-in-class\u2026<\/p>\n<p>\u2014 Algorand Foundation (@AlgoFoundation) <a href=\"https:\/\/twitter.com\/AlgoFoundation\/status\/2034298850878652616?ref_src=twsrc%5Etfw\">March 18, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p><strong>Related: Bitcoin Rallies to $74.5K as ETF Inflows and Corporate Buyers Fuel Recovery<\/strong><\/p>\n<p>ALGO was trading at about US$0.09 (AU$0.14) when the cuts were announced. That was roughly 98% below its 2019 peak of US$3.56 (AU$5.45), so, how long can it go at this point?<\/p>\n<p>Funny enough, despite the reduction, the foundation was still listing at least two open roles on its job board, including positions in community management and business development.<\/p>\n<p>The foundation holds about US$38 million (AU$58 million) in dollar-denominated assets and more than 1.1 million ALGO in treasury. The Algorand network is also reported to support about US$83 million (AU$127 million) in tokenised real-world assets on-chain.<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-a-day-after-the-regulatory-shift\">A Day After the Regulatory Shift<\/h2>\n<p>The announcement came one day after the US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) issued joint guidance classifying ALGO as a digital commodity rather than a security.\u00a0<\/p>\n<p>The guidance cited ALGO as an example of a token that can qualify as a commodity without a futures market. That removes some legal uncertainty around the protocol, but it did not change the foundation\u2019s immediate cost-cutting decision.<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-pressure-hits-crypto-markets\">Pressure Hits Crypto Markets<\/h2>\n<p>The layoffs were announced as the broader crypto market remained under pressure. Bitcoin was trading at about US$71,374 (AU$109K) at the time, around 44% below its October 2025 peak of US$126,000 (AU$192K).<\/p>\n<p>Algorand\u2019s cuts follow other layoffs announced across the crypto sector this year. For instance, Block cut 4,000 jobs in February, Gemini reduced about 25% of its workforce, and OP Labs cut 20 roles. Messari also announced layoffs in the same week as Algorand.<\/p>\n<p><strong>Related: xAI Recruits Wall Street Experts to Train Grok for Finance<\/strong><\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>Algorand,Regulation#Algorand #Foundation #Cuts #Staff #Crypto #Downturn1773907237<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Algorand Foundation announced a 25% workforce reduction on March 18, 2026, affecting approximately 50 staff from a total of fewer than 200. The layoffs came one day after US regulators issued joint guidance classifying ALGO as a digital commodity rather than a security. The layoffs coincide with a broader wave of 2026 crypto industry<\/p>\n","protected":false},"author":1,"featured_media":7621,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[3419,62,2024,1135,1266,2887],"class_list":{"0":"post-7620","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"tag-algorand","9":"tag-crypto","10":"tag-cuts","11":"tag-downturn","12":"tag-foundation","13":"tag-staff"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Algorand Foundation Cuts 25% of Staff Amid Crypto Downturn - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=7620\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Algorand Foundation Cuts 25% of Staff Amid Crypto Downturn\" \/>\n<meta property=\"og:description\" content=\"The Algorand Foundation announced a 25% workforce reduction on March 18, 2026, affecting approximately 50 staff from a total of fewer than 200. 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