Crypto Layoffs Hit Block, Gemini and Algorand as Industry Cuts Continue
The post says Block has 4,000 employees, while Gemini and Algorand reduced staff by 30% and 25%, respectively, as job reductions in the digital asset sector are described as continuing into 2026.
Summary
No Summary provided as the original text is short
Terms & Concepts
Algorand: A blockchain network focused on scalability, built to support digital assets and smart contracts (self-executing blockchain code).
Smart contract: Self-executing blockchain code that runs automatically when preset conditions are met.
Digital asset sector: The part of the financial market centered on cryptocurrencies, blockchain networks, and related companies.