According to Bloomberg, cryptocurrency exchange Gemini reported that it has cumulatively cut approximately 30% of its workforce since the beginning of the year, reducing employee headcount to around 445, and has introduced AI tools to improve efficiency; the company incurred a full-year loss of approximately $585 million in 2025, with fourth-quarter revenue of about $60 million but an expanded loss. Previously, it had announced a 25% workforce reduction, exited markets in the UK, EU, and Australia, and replaced several senior executives.
Gemini Reduces Staff by 30% in 2025, Reports $585M Loss, Implements AI Efficiency Measures
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Summary
Gemini reported a $585 million loss in 2025 and reduced its workforce by 30%, now employing 445 people. The company introduced AI tools to improve efficiency. Fourth-quarter revenue reached $60 million, but losses expanded. Previously, Gemini exited the UK, EU, and Australian markets and replaced its top executives. Traders are monitoring the Fear & Greed Index for shifts in market sentiment. Analysts suggest that certain altcoins may gain traction amid exchange consolidation.
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