Crypto Analytics Firm Dune Axes 25% Of Employees Amid Strategic Overhaul
Crypto data analytics firm Dune is cutting 25% of its employees as part of a strategic restructuring, its CEO Fredrik Haga announced. The layoffs, affecting around 37-38 people from a team of roughly 150, aim to sharpen the company's focus on its core data products and a major push to build tools for institutional investors. Haga cited the growing shift of traditional assets like currencies and stocks onto blockchains as a key opportunity.
The company is also doubling down on artificial intelligence, promoting a tool that allows AI systems to interact directly with its platform to create dashboards without SQL knowledge. Haga emphasized the move is strategic, not financial, and that Dune remains well-capitalized.
The cuts occur amid a wider wave of layoffs across crypto and tech in 2026, with companies like Coinbase, Block, Gemini, and Crypto.com also reducing headcounts, often citing AI-driven efficiency gains. Over 5,000 jobs have been cut at major crypto firms this year alone.
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