Gemini Layoffs
Industry Crypto · Location New York City · United States · Subscribe (RSS)
Gemini has 5 publicly reported layoff rounds on record between June 2, 2022 and March 20, 2026. A total of about 368 employees were affected across these rounds.
Layoff history
Gemini disclosed a workforce reduction affecting its New York City operations in March 20, 2026.
Source: bloomberg.com
Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, announced plans on February 5, 2025 to cut 200 employees, representing approximately 25% of its staff, as part of a sweeping geographic retreat. The company said it would wind down operations in the United Kingdom, European Union, and Australia, limiting its footprint to the United States and Singapore. The Winklevoss brothers said foreign markets "have proven hard to win in for various reasons" and that continuing to operate there created unsustainable complexity. The company also cited AI-driven productivity gains as a factor enabling the smaller headcount. Gemini projected roughly $11 million in pre-tax restructuring charges. Customer accounts in the exiting markets were placed on withdrawal-only status ahead of full closures planned for the first half of 2025.
Reason: Exit from UK, EU, and Australia; geographic consolidation
Source: reuters.com
Gemini disclosed a workforce reduction affecting its New York City operations in January 23, 2023.
Source: theinformation.com
Gemini disclosed a workforce reduction affecting its New York City operations in July 18, 2022. Approximately 68 roles were eliminated.
Source: techcrunch.com
Gemini disclosed a workforce reduction affecting its New York City operations in June 2, 2022. Approximately 100 roles were eliminated.
Source: bloomberg.com
Data for Gemini is compiled from public WARN Act filings and reporting linked above. See our methodology.