The Algorand Foundation said Wednesday it is reducing its workforce by 25% in response to what it described as an uncertain global macro environment and a broader downturn in crypto markets, marking one of the latest cost-cutting moves across the digital asset sector.
Today, the Algorand Foundation made the difficult decision to reduce our workforce by 25%. This decision was not taken lightly and is in response to the uncertain global macro environment as well as the broader downturn in crypto markets.
These employees have been best-in-class…
— Algorand Foundation (@AlgoFoundation) March 18, 2026
The foundation said the decision was difficult and framed it as part of an effort to better align resources with the protocol’s long-term business, technology, and ecosystem priorities.
In its statement, the foundation thanked affected employees and said it would support them through the transition. It added that it remains focused on its mission of financial empowerment and on the continued development of the Algorand protocol, network, and ecosystem.
The cuts come during a notable repositioning phase for Algorand. In January, the foundation said it was moving its headquarters back to the US from Singapore, a shift it tied to a more favorable regulatory backdrop and closer alignment with institutional markets. More recently, foundation messaging around 2026 has emphasized regulatory clarity, tokenization, payments infrastructure, and bringing traditional finance onchain.
That makes the timing awkward but revealing. Just two months ago, Algorand was still highlighting ecosystem momentum, including growth in staking participation, developer tooling, and tokenized asset initiatives. Its roadmap updates have pointed to work on tokenized financial product standards, agentic commerce tools, and continued research into privacy and scaling.
Algorand’s native token ALGO was last trading near $0.09, down about 5% on the day and nearly 19% year to date.