- Dune reduced its workforce by 25% during a company restructuring.
- CEO Fredrik Haga said the company is focusing on AI and institutional adoption.
- Dune said it will continue investing in its crypto data infrastructure and institutional services.
- The company highlighted its Dune MCP platform for AI-powered dashboard and workflow creation.
- Dune said it remains well capitalized despite the workforce reduction.
Dune Announces Workforce Reduction
Crypto data company Dune said it has laid off 25% of its workforce as part of a restructuring plan focused on its core data products and long-term growth areas.
We’re restructuring Dune to sharpen our focus around the core data products thousands of customers across the crypto industry rely on. That unfortunately means we’ve let 25% of the team go this week. These are exceptional people I can wholeheartedly recommend — ping me if you’re…
— hagaetc (@hagaetc) May 14, 2026
Dune co-founder and CEO Fredrik Haga shared the update in a post on X, stating that the company is reorganizing its operations around products widely used across the crypto industry.
“We’re restructuring Dune to sharpen our focus around the core data products thousands of customers across the crypto industry rely on,” Haga said.
He added, “That unfortunately means we’ve let 25% of the team go this week.” Haga also described the departing employees as “exceptional people” and said he would recommend them to companies hiring crypto talent. The company did not disclose the exact number of employees affected. Dune’s LinkedIn page currently lists around 150 employees.
Dune Expands Focus on AI and Institutional Services
According to Haga, Dune will focus heavily on two areas going forward: artificial intelligence and institutional adoption of blockchain technology.
“Going forward, Dune is all-in on two shifts: AI and institutions coming onchain,” he said.
Haga stated that Dune has been focused on improving crypto data accessibility since 2018 and plans to accelerate those efforts using AI technologies. He said Dune has built a complete crypto data infrastructure stack covering ingestion, quality assurance, storage, cleaning, normalization, and querying. Haga also highlighted Dune MCP, the company’s Model Context Protocol, which allows AI systems and teams to create dashboards and workflows without requiring SQL knowledge or data infrastructure management.
“With Dune MCP, teams and agents can now build dashboards and workflows without needing to know anything about SQL nor data infrastructure,” Haga said.
The company added that it is increasing investments in its data layer and institutional support services as more traditional financial assets move onchain.
“As currencies, stocks, bonds, commodities and more move onchain, we’re investing heavily in our data layer and white-glove service to power institutions,” he said.
Haga said Dune already works with many major crypto firms as well as financial institutions entering blockchain markets.
Crypto and Tech Layoffs Continue in 2026
Dune’s layoffs come during a broader wave of workforce reductions across the crypto and technology sectors. Earlier this month, Coinbase reduced its workforce by 660 employees, representing approximately 14% of its staff, citing increased AI adoption. Crypto news outlet DL News also shut down operations, partly attributing the closure to reduced search traffic linked to AI-generated content aggregation.
Crypto exchange platform Crypto.com has reportedly laid off around 12% of its workforce, affecting approximately 180 employees, as part of a restructuring focused on AI adoption and operational efficiency. The company said the move was aimed at reducing layered structures and improving internal processes, with growth and CRM teams among the most impacted divisions. Crypto.com previously reported surpassing 100 million users in 2024. Meanwhile, Gemini reduced its workforce by about 30%, lowering headcount to roughly 445 employees, while reporting total 2025 losses of $585 million, including unrealized crypto-related losses.
According to Layoffs.fyi, 137 technology companies have cut nearly 109,000 jobs so far in 2026. Dune said it remains financially stable despite the restructuring.
“We remain well capitalized, excited about the future, and committed to our mission of making crypto data accessible,” Haga said.
The CEO concluded the statement with the phrase: “The Data Must Flow.”
Dune’s workforce reduction reflects a broader restructuring strategy centered on artificial intelligence and institutional blockchain adoption. The company said it will continue investing in its crypto data infrastructure, AI-powered tools, and institutional services while maintaining focus on its core products. CEO Fredrik Haga stated that Dune remains financially stable and committed to expanding crypto data accessibility as more financial assets move onchain.
FAQs
1. Why did Dune lay off 25% of its workforce?
Dune said the layoffs were part of a restructuring plan aimed at sharpening its focus on core crypto data products, AI initiatives, and institutional blockchain services.
2. What is Dune focusing on after the restructuring?
According to CEO Fredrik Haga, Dune is focusing on two major areas: artificial intelligence and institutional adoption of blockchain technology.
3. What is Dune MCP?
Dune MCP, or Model Context Protocol, is the company’s platform that allows AI systems and teams to create dashboards and workflows without needing SQL knowledge or data infrastructure management.
4. Is Dune continuing to invest in its business after the layoffs?
Yes. Dune said it remains well capitalized and will continue investing in its crypto data infrastructure, institutional services, and AI-powered products.
Source: Fredrik Haga, Co-founder and CEO of Dune
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