Dune’s CEO introduced Thursday that the crypto information firm is chopping 1 / 4 of its workers as a part of a broader push to construct out information instruments for institutional traders — a phase the corporate sees as a serious development alternative as extra conventional monetary belongings transfer onto blockchain networks.
Betting On Institutional Demand
Fredrik Haga, Dune’s co-founder and chief govt, said the corporate plans to take a position closely in services aimed toward establishments, pointing to what he described as a rising shift of currencies, shares, bonds, and commodities onto blockchain infrastructure.
Haga additionally mentioned Dune goes all-in on synthetic intelligence, highlighting the corporate’s Mannequin Context Protocol — a device that lets AI techniques work together immediately with Dune’s platform.
Based on Haga, the know-how now permits groups and automatic brokers to construct dashboards and information workflows with none data of SQL or information infrastructure.
We’re restructuring Dune to sharpen our focus across the core information merchandise 1000’s of consumers throughout the crypto business depend on. That sadly means we have let 25% of the crew go this week. These are distinctive individuals I can wholeheartedly suggest — ping me when you’re…
— hagaetc (@hagaetc) May 14, 2026
Haga didn’t say how many individuals had been affected. Dune’s LinkedIn web page lists round 150 workers, which might put the variety of departures someplace round 37 to 38 individuals. The corporate stays properly capitalized, Haga mentioned.
One Reduce Amongst Many
Dune’s announcement lands in the midst of a broader wave of job cuts hitting each crypto and tech firms this 12 months.
Coinbase eradicated about 700 positions earlier this month — roughly 14% of its workforce — additionally citing a shift towards AI-driven operations.
Crypto information outlet DL Information shut down solely on Friday, with management pointing to declining net visitors as AI instruments more and more reply questions that customers as soon as looked for immediately.
Block Inc., the funds and crypto firm led by Jack Dorsey, carried out the most important single spherical of layoffs in crypto to this point in 2026, chopping round 4,000 employees — almost half its workers — again in February.
Exchanges Gemini and Crypto.com every diminished their headcounts earlier this 12 months as properly, with each firms citing effectivity features from AI adoption.
Throughout the broader US tech sector, the size of cuts has been vital. Knowledge from Layoffs.fyi reveals 137 firms have shed near 109,000 jobs in 2026 to this point.
A Narrower Focus Going Ahead
Haga framed the layoffs not as a monetary retreat however as a deliberate sharpening of the corporate’s route.
Dune’s core information merchandise are utilized by 1000’s of consumers throughout the crypto business, he mentioned, and the restructuring is supposed to guard and construct on that basis.
The corporate’s whole job losses add to what reviews point out is now greater than 5,000 positions reduce throughout main crypto corporations this 12 months alone.
Featured picture from Unsplash, chart from TradingView
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