Crypto.com cuts around 12% of staff as CEO pushes enterprise-wide AI integration

Crypto.com announced a workforce reduction of approximately 12%, impacting around 180 employees, as part of a strategic shift towards enterprise-wide artificial intelligence (AI) integration. CEO Kris Marszalek emphasized the necessity of adopting AI to avoid falling behind, stating that companies failing to do so will struggle. This marks the third round of layoffs for the crypto exchange since 2022, following previous cuts in response to macroeconomic conditions and the FTX collapse. The move aligns with a broader trend in the crypto industry, with firms like Gemini, Block, Messari, and the Algorand Foundation also announcing layoffs and prioritizing AI integration or citing market conditions.

(Source：The Block)