Algorand Cuts 25% of Staff the Day After SEC Confirms ALGO Is Not a Security

The post Algorand Cuts 25% of Staff the Day After SEC Confirms ALGO Is Not a Security appeared first on Coinpedia Fintech News The Algorand Foundation has laid off 25% of its workforce, citing a difficult global macro environment and the broader crypto market downturn. The cuts came just one day after one of the most positive regulatory developments in the project’s history, creating a sharp contrast that the community has not missed. The Layoffs The Foundation confirmed …