The data platform Dune has launched a new round of organizational restructuring. The company disclosed that it will reduce its workforce by approximately 25% to further concentrate resources on its core data products, AI-driven blockchain data infrastructure, and services for institutional clients.
Reorganize to focus on data products and AI
Fredrik Haga, co-founder and CEO of Dune, stated on X that the goal of this adjustment is to refocus the company around its most widely used data product in the crypto industry. The company did not disclose the exact number of affected employees, but its LinkedIn page shows that Dune currently has approximately 150 employees, suggesting that the layoffs may involve dozens of positions.
Haga also stated that the company’s financial position remains strong, with adequate capital reserves. Following the layoffs, Dune will continue to invest in AI-related capabilities and crypto data services for institutional clients.
Continue investing in on-chain data infrastructure
Dune primarily provides blockchain data querying and analytics services for developers and enterprise users. The company states that its Model Context Protocol (MCP) enables AI tools and agents to access Dune’s data infrastructure to generate dashboards or workflows, lowering the barrier for users to interact with SQL and complex database systems.
Hua also noted that the company sees long-term potential in tokenizing traditional financial assets, including categories such as currencies, stocks, bonds, and commodities. Based on this outlook, Dune plans to continue increasing its investment in institutional products and services.
The wave of layoffs continues.
Dune's adjustments occur against the backdrop of ongoing layoffs in the cryptocurrency and technology industries. An increasing number of companies are viewing AI as a tool to enhance efficiency while simultaneously reducing labor costs.
- Coinbase laid off approximately 700 people earlier this month.
- Block Inc. reportedly laid off approximately 4,000 people in February.
- Gemini and Crypto.com also reduced their workforces by approximately 200 and 180 people, respectively, this year.
The report states that since 2026, cumulative layoffs in the crypto industry have exceeded 5,000 people. Dune’s recent restructuring reflects how crypto infrastructure companies are controlling costs while redirecting resources toward AI and institutional business initiatives.