Winklevosses Say Job Cuts at Gemini Exchange Reach 30%

Gemini Space Station Inc.’s workforce reduction has reached roughly 30% since the start of the year following layoffs, with the crypto exchange saying Thursday it is deploying artificial intelligence tools to increase productivity. The firm lost more than $500 million last year.

As of March 1, the company, founded by billionaires twins Tyler and Cameron Winklevoss, employed about 445 people, Gemini said in a shareholder letter. The New York-based firm said it wasn’t providing an operating outlook for 2026 while releasing fourth-quarter results.