Crypto knowledge firm Dune mentioned it’s shedding 25% of its workforce, citing a must restructure its enterprise to concentrate on its core merchandise.
“We’re restructuring Dune to sharpen our focus across the core knowledge merchandise hundreds of shoppers throughout the crypto business depend on,” Dune co-founder and CEO Fredrik Haga posted to X on Thursday. “That sadly means we’ve let 25% of the workforce go this week.”
Haga didn’t share the variety of employees who have been laid off. The corporate’s LinkedIn reveals about 150 workers. Haga mentioned the corporate remained “nicely capitalized” and that Dune was “all-in” on synthetic intelligence and rising institutional curiosity in crypto.
Layoffs and closures are rising throughout the crypto and tech sectors this 12 months, with many firms citing AI as each a assist and a hindrance.
Simply this month, Coinbase lower 700 workers, or about 14% of its workforce, on Could 5, citing a rise in AI use, whereas the crypto information outlet DL Information shuttered on Friday, citing a part of the rationale was decreased attain in web search outcomes as a result of AI aggregation.
Haga mentioned that Dune’s Mannequin Context Protocol, or MCP, which permits AI to work together with the platform, means “groups and brokers can now construct dashboards and workflows with no need to know something” about knowledge infrastructure or SQL, a programming language for databases.
Supply: Fredrik Haga
He added the corporate would even be “investing closely” in its knowledge services and products for establishments, as the corporate sees “currencies, shares, bonds, commodities and extra” are transferring onchain.
Associated: How AI turned crypto’s favourite cause to chop employees
Dune’s cutbacks add to the greater than 5,000 jobs eradicated at main crypto firms this 12 months.
Block Inc. undertook the largest spherical of layoffs of a crypto firm thus far in 2026, halving its workforce and reducing 4,000 employees in February.
The crypto exchanges Gemini and Crypto.com additionally laid off 200 and round 180 workers, respectively, earlier this 12 months, with every citing the rising use of AI for effectivity good points.
Layoffs are additionally widespread within the US tech sector, with 137 firms reducing almost 109,000 jobs thus far in 2026, in accordance with knowledge from Layoffs.fyi.
Journal: Information to the highest and rising international crypto hubs: Mid-2026