Recently, several leading cryptocurrency companies have experienced layoffs. Within just two days, two well-known crypto enterprises have announced their layoff plans.
Algorand Foundation Cuts 25% of Staff
The Algorand Foundation, a Layer-1 blockchain network established in 2019 that utilizes a Proof-of-Stake (PoS) consensus mechanism, stated that these layoffs are intended to achieve more "sustainable" resource allocation to better support the blockchain project's long-term business, technical, and ecosystem priorities. As of press time, the ALGO token was trading at $0.08806, down 3% in the past 24 hours. However, the token's price decline is seen as part of a broader market downturn rather than a direct reaction solely to the layoff news.
Crypto.com Lays Off 12% of Workforce
Crypto.com, a cryptocurrency trading platform founded in 2016 and headquartered in Singapore, is one of the world's most popular crypto exchanges. Crypto.com boasts 100 million registered accounts and achieved $750 billion in trading volume in 2025. Its CEO, Marszalek, expressed gratitude for the contributions of departing employees and confirmed they are receiving transitional support resources.