Gemini Scales Back Operations in UK, EU, and Australia Amid Layoffs

Gemini is downsizing its workforce by 25% as it shifts focus to the US market, emphasizing efficiency through automation and AI technologies.

In a strategic move, Gemini has decided to withdraw its operations from the UK, EU, and Australia while also implementing a significant workforce reduction. This decision aligns with the company’s goal to concentrate on the US market and streamline its operations.

Amidst these changes, Gemini is reducing its staff by 25%, a reflection of its commitment to adopting a more efficient and automated business model. The company's leadership highlighted that the enhanced integration of artificial intelligence enables them to operate more swiftly and effectively with a leaner workforce.

These adjustments underscore Gemini’s desire to pivot towards a more focused operational strategy, aiming to strengthen its position within the competitive US cryptocurrency marketplace.