Dune Analytics Slashes 25% of Workforce in AI, Institutional Pivot - Decrypt

In brief

Dune CEO Fredrik Haga announced Thursday that the company has cut 25% of its staff as part of a strategic refocus on AI tooling and institutional crypto adoption.

The layoffs follow a March hiring push with 300 interviews, where “AI fluency” was set as a non-negotiable requirement.

Crypto firms like Coinbase, Gemini, and the Algorand Foundation have announced staff cuts as they restructure around leaner, AI-driven operations.

Crypto data platform Dune’s CEO and co-founder Fredrik Haga announced Thursday that the company has cut 25% of its workforce, saying the move was needed to "sharpen our focus" on core data products.Haga tweeted the company is now “all-in on two shifts: AI and institutions coming onchain,” pointing to its new Dune MCP product, which allows users to build dashboards “without needing to know anything about SQL nor data infrastructure.”