According to Bloomberg, cryptocurrency exchange Gemini stated that it has cumulatively laid off approximately 30% of its workforce since the beginning of the year, reducing employee count to approximately 445 people, and has introduced AI tools to improve efficiency; the company posted a full-year loss of approximately $585 million in 2025, with fourth-quarter revenue of approximately $60 million but expanding losses. Previously, it had announced layoffs of approximately 25%, exited markets in the UK, EU, and Australia, and replaced multiple executives.