On March 1, 2026, at 17:49 UTC, the Algorand Foundation posted that Bruno Martins , its vice president of engineering and chief architect, "will step back in as Acting CTO". Nik Bougalis had held the chief technology officer title for 153 days, counted from the Foundation's hire announcement on Sept. 29, 2025. On March 18, 17 days after the swap, the Foundation cut 25 percent of its workforce, and on March 19 it announced that protocol development would move under its roof. What did three changes inside 18 days leave behind?
· Bruno Martins replaces Nik Bougalis as Algorand Foundation CTO, then the Foundation cuts 25% of its staff
Bruno Martins Replaces Nik Bougalis as Algorand's CTO Before Layoffs
The Algorand Foundation named Bruno Martins acting CTO on March 1, 2026, cut a quarter of its staff on March 18, and absorbed Algorand Technologies on March 19.
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People in this piece
- Bruno MartinsAlgorand Foundation, Chief Technology Officer (acting, then permanent)
- Chris Peikert
- Dan Eskow
- John Jannotti
- John Woods
- Nik BougalisAlgorand Foundation, Chief Technology Officer
- Staci WardenAlgorand Foundation, Chief Executive Officer
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Algorand Foundation · Algorand Technologies · Ripple · XRP Ledger · Up Top · Google Quantum AI