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Algorand Foundation Announces 25% Workforce Reduction Amid Broader Cryptocurrency Market Downturn.

Algorand Foundation Trims Workforce by One‑Quarter Amid Prolonged Crypto Downturn The non‑profit behind the Algorand blockchain announced a 25 % staff reduction, citing lingering macro‑economic uncertainty and low cryptocurrency valuations. The move mirrors a broader wave of layoffs across the industry. What happened On May 13, the Algorand Foundation posted on X that it was...
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