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flag Gemini cuts 25% of staff, exits key markets, focuses on U.S. amid cost cuts and AI efficiency.

flag Crypto exchange Gemini is cutting 25% of its workforce and exiting the UK, EU, and Australia, focusing solely on the U.S. market. flag The company attributes the layoffs to AI-driven productivity gains, enabling streamlined operations. flag This follows a prior staff reduction that halved its workforce since 2022’s peak. flag The move aims to cut costs and accelerate profitability amid industry challenges, including regulatory scrutiny and weak market conditions. flag Gemini plans to continue investing in its prediction markets platform. flag The announcement led to a 5% drop in its shares, contributing to broader tech sector declines.

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