Crypto.com lays off 12% of staff as CEO warns firms must move fast on AI
Crypto.com is cutting 12% of its workforce, about 180 employees, to integrate AI for business efficiency.Summary
Singapore-based crypto exchange Crypto.com has laid off approximately 12% of its workforce, totaling around 180 employees, as part of a restructuring effort focused on integrating enterprise-wide Artificial Intelligence (AI) to drive efficiencies. CEO Kris Marszalek emphasized the urgency of AI adoption, warning that companies moving slowly will be surpassed by those immediately pairing AI tools with top performers to achieve unprecedented scale and precision. This move follows Crypto.com's $70 million purchase of ai.com in February. The layoffs are the latest in the industry, following similar reductions at Block, OKX, and Polygon, often citing AI-enabled productivity gains. Prior to the cuts, Crypto.com had about 1,500 employees globally.
(Source：CoinDesk)