The Algorand Foundation (@AlgoFoundation) announced it will lay off approximately 25% of its staff, citing reasons including global macroeconomic uncertainty and the overall downturn in the crypto market. The foundation, responsible for driving the Algorand (@Algorand) ecosystem, currently has fewer than 200 employees. It stated that this adjustment aims to achieve a more sustainable alignment of resources with the protocol's long-term development goals. Despite the layoffs, the Algorand Foundation emphasized that it will continue to focus on financial inclusion and ecosystem building. From an industry perspective, layoffs continue to increase in the crypto space, with companies including Messari (@MessariCrypto) and Block also announcing staff reductions due to AI developments and changes in the market environment.