- 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 job cuts.
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.
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.
It did not say which teams or programs were…
