Dune’s CEO introduced Thursday that the crypto information firm is slicing 1 / 4 of its workers as a part of a broader push to construct out information instruments for institutional buyers — a phase the corporate sees as a serious progress alternative as extra conventional monetary property transfer onto blockchain networks.
Betting On Institutional Demand
Fredrik Haga, Dune’s co-founder and chief government, stated the corporate plans to take a position closely in services geared toward establishments, pointing to what he described as a rising shift of currencies, shares, bonds, and commodities onto blockchain infrastructure.
Haga additionally stated Dune goes all-in on synthetic intelligence, highlighting the corporate’s Mannequin Context Protocol — a instrument that lets AI programs work together straight 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 shoppers throughout the crypto trade depend on. That sadly means we’ve let 25% of the staff go this week. These are distinctive individuals I can wholeheartedly suggest — ping me should you’re…
— hagaetc (@hagaetc) Might 14, 2026
Haga didn’t say how many individuals have 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 stated.
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 yr.
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 internet site visitors as AI instruments more and more reply questions that customers as soon as looked for straight.
Block Inc., the funds and crypto firm led by Jack Dorsey, carried out the biggest single spherical of layoffs in crypto to this point in 2026, slicing round 4,000 employees — practically half its workers — again in February.
Exchanges Gemini and Crypto.com every decreased their headcounts earlier this yr as properly, with each firms citing effectivity positive aspects from AI adoption.
Throughout the broader US tech sector, the dimensions of cuts has been vital. Information 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 course.
Dune’s core information merchandise are utilized by 1000’s of shoppers throughout the crypto trade, he stated, 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 yr alone.
Featured picture from Unsplash, chart from TradingView
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