Dune: Lays Off 25% to Optimize AI Efficiency and Restructure Core Business

Odaily Odaily reports that Dune co-founder and CEO Fredrik Haga stated that Dune is laying off 25% of its staff this week as part of a restructuring aimed at further concentrating efforts on developing the industry's core data products.

Haga noted that the company is increasing investment in AI-driven tools, using Dune MCP to enable teams and agents to build dashboards and workflows without requiring knowledge of SQL or data infrastructure. Additionally, as assets like currencies, stocks, and bonds accelerate their migration on-chain, the company is heavily investing in the data layer and providing services to institutions. Dune currently has ample financial reserves, having completed a $69.42 million Series B funding round led by Coatue in 2022. (theblock)