[Algorand Foundation Lays Off 25%, Citing Macro Uncertainty and Crypto Market Downturn] BlockBeats News, March 19: The Algorand Foundation announced a reduction of approximately 25% of its workforce, citing reasons such as global macroeconomic uncertainty and the overall downturn in the crypto market. The foundation, which is responsible for promoting the development of the Algorand ecosystem, currently has fewer than 200 employees. It stated that this adjustment aims to achieve a more sustainable alignment of resources with the protocol's long-term development goals. Despite the layoffs, the Algorand Foundation emphasized that it will continue to focus on its goals of financial inclusion and ecosystem growth. At the industry level, layoffs in the crypto sector continue to rise, with companies such as Messari and Block also announcing workforce optimizations due to advancements in AI and changes in market conditions.