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Dune cuts 25% of its workforce to optimize AI efficiency and restructure its core business.

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Dune announced on-chain news this week, reducing its workforce by 25% to refocus on core data product development. CEO Fredrik Haga highlighted increased investment in AI and crypto news, including Dune MCP, an AI-powered tool for building dashboards without SQL. The company is expanding its data layer and institutional services as assets such as money and stocks migrate on-chain. Dune remains well-capitalized, having raised $69.42 million in Series B funding from Coatue in 2022.

Odaily Planet Daily reports that Fredrik Haga, co-founder and CEO of Dune, said Dune is laying off 25% of its staff this week to restructure and focus more intensely on developing core data products for the industry.

Hua pointed out that the company is increasing its investment in AI-driven tools, enabling teams and agents to build dashboards and workflows via Dune MCP without requiring knowledge of SQL or data infrastructure. Additionally, as assets such as currencies, stocks, and bonds accelerate their on-chain migration, the company is making significant investments in its data layer to serve institutional clients. Dune currently has sufficient funding, having completed a $69.42 million Series B round in 2022 led by Coatue. (The Block)

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