Dune Cuts Quarter of Staff Amid Industry-Wide Restructuring

Crypto data company Dune has made significant changes to its operations, announcing that it will be laying off 25% of its workforce. According to CEO Fredrik Haga, this restructuring is necessary to sharpen the company's focus on core data products, which are relied upon by thousands of customers across the crypto industry.

The move follows a trend seen in other companies within the sector, where AI has been both a driving force behind growth and a reason for job cuts. Dune aims to continue investing heavily in its data products and services for institutions, with Haga stating that currencies, stocks, bonds, commodities, and more will be moving onchain.