Shareholder letter: crypto exchange Gemini has cut ~30% of its staff since the beginning of 2026 and had 445 employees as of March 1; Gemini lost $500M+ in 2025 (Olga Kharif/Bloomberg)

Olga Kharif / Bloomberg:
Shareholder letter: crypto exchange Gemini has cut ~30% of its staff since the beginning of 2026 and had 445 employees as of March 1; Gemini lost $500M+ in 2025  —  Gemini Space Station Inc.'s workforce reduction has reached roughly 30% since the start of the year following layoffs …

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