According to Wu, the Algorand Foundation stated that due to global macroeconomic uncertainties and the downturn in the crypto market, it has laid off about 25% of its staff. The foundation said this move aims to better align resource allocation with the protocol's long-term business, technology, and ecosystem development priorities, and it will continue to advance the development of the Algorand network and ecosystem. Since 2026, institutions like PIP Labs, Gemini, and Polygon have also implemented layoffs.