Gemini cuts ~30% after $582M 2025 loss as pivot beyond crypto wins investor backing but sparks lawsuit
Gemini cut roughly 30% of its workforce after reporting heavy 2025 losses, while a post‑IPO pivot has drawn both investor interest and a class‑action suit [1][2][3].
Crypto exchange Gemini announced a reduction of about 30% of its staff as part of cost‑cutting measures after reporting a widening 2025 net loss; one report cites a $582 million loss and says the firm's AI push failed to curb the deterioration [1] [2].
The cuts come amid a strategic shift by Gemini away from pure crypto trading toward prediction markets and other revenue streams; the pivot drew investor backing for steadier revenue but also triggered a class‑action lawsuit alleging the company misled shareholders about its post‑IPO strategy [3] [4] [5].
Despite the operational and legal developments, Gemini shares rose after hours and gained about 6% following the company’s Q4 earnings, reflecting some investor support for the strategic realignment [4] [6].
Gemini is pursuing workforce reductions and a strategic realignment while facing shareholder litigation; market reaction has been mixed, with shares showing short‑term gains even as legal and financial pressures persist [1] [3] [4].
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Citations
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- 1Gemini Cuts Workforce By 30% As AI Drive Fails To Curb Widening 2025 Net LossesMoneyCheck• Mar 20, 2026
- 2Gemini Layoffs 2026: Crypto Exchange Cuts 30% Workforce After $582M LossCoinpedia Fintech News• Mar 20, 2026
- 3Gemini sued over post-IPO strategy shift, declining stock priceCointelegraph• Mar 20, 2026
- 4Gemini Shares Rise After Hours as Investors Back Shift Beyond Crypto TradingDecrypt• Mar 19, 2026
- 5Gemini sued by investors over alleged IPO misstatements and strategy pivotcrypto.news• Mar 20, 2026
- 6Gemini stock gains 6% after-hours on Q4 earningsCrypto Breaking News• Mar 20, 2026
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