Crypto.com Cuts 12% of Workforce for AI Shift

Singapore-based cryptocurrency exchange Crypto.com announced on March 19 that it is reducing its global workforce by approximately 12 percent, affecting around 180 employees out of its roughly 1,500 staff. The cuts, which target roles unable to adapt to an AI-driven operational model, form part of the company's strategic shift toward enterprise-wide integration of artificial intelligence.

CEO Kris Marszalek detailed the move in a post on X, emphasizing the urgency of AI adoption across the business. "We are joining the list of companies integrating enterprise-wide AI," he wrote. "Companies that do not make this pivot immediately will fail. Companies that move slowly will be left behind. Companies that move immediately and pair the best AI tools with top performers will achieve a level of scale and precision that was previously impossible." A company spokesperson confirmed the reduction prioritizes resources for key growth areas and drives operational efficiencies, with all affected employees notified in advance and provided resources for their professional transition.

The restructuring focuses on eliminating positions that do not align with the new AI framework, including those...