Algorand Foundation Cuts 25% of Staff Amid Crypto Bear Market.

The Algorand Foundation has cut 25% of its workforce, citing "macroeconomic uncertainty" and the bear market. The layoffs aim to preserve the organization's runway and extend the life of the ALGO token, which has traded near historic lows. The decision is seen as a defensive maneuver to ensure the network's survival, but it raises questions about the Foundation's ability to maintain ecosystem growth and development.