Crypto trading platform Gemini has laid off about 30% of its staff, with losses exceeding $500 million last year

Odaily News According to cryptocurrency exchange Gemini (Gemini Space Station Inc.), following this round of layoffs, its workforce has been reduced by approximately 30% since the beginning of the year, and it is introducing AI tools to enhance production efficiency. Gemini incurred losses exceeding $500 million last year.

As of March 1st, the company, founded by billionaire twins Tyler Winklevoss and Cameron Winklevoss, had about 445 employees. New York-based Gemini stated that it did not provide an operational outlook for 2026 when releasing its fourth-quarter results. (Bloomberg)