Algorand Foundation announces 25% staff reduction amid macro uncertainty and crypto downturn

The Algorand Foundation said on Wednesday it will reduce its workforce by 25% in response to global macroeconomic uncertainty and weakness in crypto markets. The non-profit, which helps oversee the Algorand Layer 1 blockchain and has fewer than 200 employees, also cited broader sector restructuring and the impact of AI as context for the decision. Its latest report shows about $38 million in U.S. dollar‑denominated assets, 1.1 million ALGO tokens, and roughly $83 million in real‑world assets hosted on the network.