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Gemini announced a 30% reduction in staff.
That's a pretty significant cut for a cryptocurrency platform.
The company was founded by the Winklevoss twins, but apparently, they posted a loss of over $500 million last year.
Is this part of their countermeasures?
As of March this year, the number of employees has been reduced to about 445, which feels quite lean.
At the same time, they seem to be introducing AI tools to improve efficiency, but whether this will improve their performance is uncertain.
The company, headquartered in New York, apparently hasn't even released projections for 2026, so the situation is probably quite tough.
The trend of personnel cuts is continuing across the industry, but I wonder what will happen next.