TLDR
- Gemini cut about 30% of its workforce since the start of 2026.
- Headcount stood at about 445 employees as of March 1.
- Gemini said it is using AI tools to raise productivity.
- The company posted a 2025 net loss of about $585 million.
- Q4 revenue was about $60 million, while losses widened.
Gemini has cut about 30% of its workforce since the start of the year, according to Bloomberg. The crypto exchange said it had about 445 employees as of March 1. The company also said it is using artificial intelligence tools to improve productivity. Yet its 2025 results showed deeper losses, even as it reported about $60 million in fourth quarter revenue.
Job cuts deepen as Gemini shrinks operations
Gemini Space Station Inc. has reduced staff in several rounds since early 2026. Bloomberg reported that the latest cuts brought the total reduction to roughly 30%. The company had previously announced layoffs of about 25%. The fresh figures show a wider reduction than earlier plans.
The exchange shared the headcount figure in a shareholder letter. It said the company had about 445 employees at the start of March. Gemini also said it would not provide an operating outlook for 2026. That decision came as it released its fourth quarter results.
The job cuts follow a broader effort to reshape the business. Gemini had already exited the UK, the European Union, and Australia. It also replaced several senior executives in recent months. Those steps pointed to a push to lower costs and simplify the company’s structure.
AI tools introduced as losses continue to widen
Gemini said on Thursday that it is deploying AI tools to increase productivity. The company presented that move as part of its efficiency plan. It did not provide full details on the tools or their scope. It also did not say how much cost savings they may bring.
The timing is notable because Gemini’s financial results remained weak. The company reported a 2025 net loss of about $585 million. Bloomberg said the firm lost more than $500 million last year. That came despite revenue in the final quarter of roughly $60 million.
The figures suggest that the AI push has not yet changed the earnings picture. Revenue in the fourth quarter did not stop losses from widening. Gemini has also not given an outlook for 2026. That leaves uncertainty around near-term performance and staffing plans.
Previous retrenchment sets the stage for latest cuts
Gemini has faced pressure for some time as trading conditions shifted in the crypto market. In response, the company made cuts across staff and international operations. It had already announced layoffs of about a quarter of its workforce. The latest reduction shows that those earlier steps did not end the restructuring.
Its retreat from several overseas markets marked another sharp change. The exits from the UK, EU, and Australia reduced Gemini’s international footprint. The company also changed senior leadership during the same period. Those moves often signal a company trying to reset strategy and control spending.
The latest update places staff cuts at the center of that reset. Gemini told shareholders it is focused on productivity, including through AI tools. Even so, the 2025 net loss and wider fourth quarter losses show the strain remains. For now, the company is smaller, and it is still searching for a path to steadier results.
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