In early 2026, hiring demand in the cryptocurrency sector plummeted, with only about 6.5 new job postings per day averaging on major cryptocurrency job websites, a year-on-year decrease of approximately 80%. Meanwhile, several cryptocurrency companies, including the Algorand Foundation, Gemini, Cryptocom, OP Labs, and PIP Labs, recently announced layoffs. According to disclosed data, approximately 450 positions were eliminated in just a few weeks. Some companies attributed the layoffs to market weakness and falling token prices, while others pointed to the increased efficiency brought about by the introduction of artificial intelligence. Source: