TechFlow News, March 19: According to The Block, the Algorand Foundation announced on March 18, 2026, that it would cut 25% of its workforce. The Foundation stated that this layoff is a measured response to global macroeconomic uncertainty and the broader cryptocurrency market’s downturn—not a hasty decision. It is reported that the Foundation employs fewer than 200 people. Currently, the Foundation holds approximately $38 million in USD-denominated assets and 1.1 million ALGO tokens; ALGO’s market capitalization stands at roughly $805.8 million, ranking 78th globally. The Foundation affirmed its continued commitment to the long-term development of the Algorand protocol and ecosystem growth. This layoff reflects the broader wave of layoffs sweeping the crypto industry recently, with other projects—including OP Labs, Messari, and Block—also announcing staff reductions.
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