Dune lays off 25% of its workforce this week to improve efficiency through AI, focusing on core data products.

CoinFeed reported on May 15th that Fredrik Haga, co-founder and CEO of blockchain data platform Dune, stated on X that the company laid off approximately 25% of its staff this week to restructure and focus on core data products relied upon by thousands of crypto industry clients. Haga stated that with the company's significant investment in AI tools, teams and agents can build dashboards and processes through Dune MCP without needing to master SQL and data infrastructure; AI has become a core function of its data suite. Haga emphasized that Dune is currently financially sound, having completed a $69.42 million Series B funding round led by Coatue in 2022.