And as CoinDesk reported Saturday (March 21), the companies making these cuts are pointing to factors ranging from a downturn in the digital assets market to their own integration of artificial intelligence.

Last week saw Crypto.com announce it was cutting 180 jobs, or 12% of its staff, while the Algorand Foundation said it would let go of 25% of its workforce — under 200 employees — due to what it called “the uncertain global macro environment” and a wider crypto downturn.

And in February, Gemini said it would cut around a quarter of its staff, though that number had expanded to 30% by the middle of March, the report added.

“AI is…