Gemini Exits UK, EU, Australia as 25% Staff Face Layoffs

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Gemini Exits UK, EU, and Australia as 25% of Staff Face Layoffs

Written by Aaron S.,

Editor-In-Chief

Last Updated: February 05, 2026

Key Takeaways

Gemini will leave the UK, EU, and Australia and cut about 25% of staff as it reshapes its structure and regional focus;
AI automation reduced the need for large teams, as tools now handle many tasks and allow engineers to deliver more output;
The company will focus on the US and Gemini Predictions after high costs and regulations slowed growth abroad.

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Gemini Exits UK, EU, and Australia as 25% of Staff Face Layoffs

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Gemini $562.65M has confirmed a change in direction that affects both its geographic presence and internal structure.

On February 5, the cryptocurrency exchange announced plans to cease operations in the United Kingdom, the European Union, and Australia.

Alongside this decision, the company stated that roughly one quarter of its employees will be terminated.

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According to the announcement, one key reason involved the increasing use of artificial intelligence (AI) across daily operations.

Gemini explained that automation handles many tasks previously done by people. The firm said modern tools make engineers “100x” more efficient, which lowers the need for large staff groups.

Another influence came from market conditions outside the United States. Gemini described business activity in the UK, EU, and Australia as difficult to scale in a sustainable way.

Regulatory demands, higher costs, and lower traction combined to create an environment where progress felt slow and expensive.

The company also addressed the strain created by managing operations across multiple jurisdictions. Gemini said global expansion added layers of complexity, increased expenses, and delayed decision-making.

Gemini plans to concentrate its efforts within the United States. Resources will shift toward domestic growth and toward developing Gemini Predictions, a prediction market platform launched in December 2025.

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