Back
Gemini Cuts Workforce About 30% This Year After $500 Million Loss

Gemini Cuts Workforce About 30% This Year After $500 Million Loss

Gemini said it cut about 30% of staff this year, leaving roughly 445 employees, while fourth-quarter revenue rose nearly 40% year over year to about $60 million despite a loss exceeding $500 million last year.

Fact Check
The statement is fully corroborated by multiple independent news reports published on March 20, 2026. These reports cite a Bloomberg article and Gemini's own shareholder letter. The specific figures for workforce reduction (30%), remaining staff (445), Q4 revenue (~$60M), and 2025 losses (>$500M) all match the evidence found in '加密交易所Gemini自年初以来已裁员约30% | PANews' and '仮想通貨取引所Gemini、2025年通年決算を発表 人員を年初から約30%削減'.
    Reference: 123
Summary

Gemini has cut about 30% of its workforce since the start of the year, leaving about 445 employees. The crypto exchange said it is deploying AI tools to improve productivity. The company posted a loss of more than $500 million last year, while fourth-quarter revenue increased nearly 40% from a year earlier to about $60 million. These figures add revenue growth detail to the company’s ongoing cost reductions and restructuring.

Terms & Concepts
  • Crypto exchange: A platform where users buy, sell, and trade digital assets such as Bitcoin and Ethereum.
  • AI tools: Artificial intelligence-based software used to automate tasks or improve operational efficiency and productivity.