Another Exchange Slashes 30% Workforce as AI Pivot Deepens Amid Mounting Losses

Gemini has reduced its workforce by roughly 30% since the start of 2026, extending earlier layoffs as the crypto exchange pivots toward greater use of artificial intelligence to improve efficiency, according to a shareholder letter cited by Bloomberg. Founded by Tyler Winklevoss and Cameron Winklevoss, Gemini reported that it employed about 445 people as of March 1 and did not provide an operating outlook for 2026 al…