The Algorand Foundation, which manages the development and expansion of the Algorand blockchain, has decreased its staff size by 25% as it adapts to a challenging macroeconomic and crypto market situation.
On March 18, the official Alogrand foundation X account mentioned. “This decision was not taken lightly” because of the greater decline that has gripped cryptocurrency markets for several months.
The Alogorand foundation further stated that the employees have been among the most dedicated and productive contributors to both the ecosystem and the Foundation, making this decision particularly tough, where the exact number of employees affected was not disclosed.
The Algorand Foundation further added that this shift aims to better match its resources with the protocol’s long-term commercial, technology, and ecosystem interests. As it is committed to its fundamental aim of financial empowerment, as well as encouraging the continuous development and growth of the Algorand network.
Following the announcement, Alogorand’s native token ALGO was trading down over 6% at $0.08938 as of writing, according to CoinMarketCap, also down over 4.5% for the past month, in a broader sense, ALGO token is down over 97% from its all-time high of $3.28 on June 2019.
The announcement comes at a time, where Algorand sees advancements in their ecosystem. The company’s Former FinCEN Acting Director Michael Mosier, former MoneyGram CEO Alex Holmes, and Abra creator Bill Barhydt were named to a new Board of Directors in January 2026.
According to Algorand’s official blog, in February 2026, the ecosystem also successfully merged with Coinbase using the x402 protocol, establishing Algorand as a platform for agentic and machine-to-machine payments. Also, moving ahead, its roadmap includes Project King Safety, aimed at redesigning fees and incentives to achieve long-term economic sustainability.
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