Crypto.com is set to reduce its workforce by up to 12%, affecting approximately 180 of its roughly 1,500 employees. Kris Marszalek, the Singapore-headquartered exchange’s founder and CEO, announced the cuts on Thursday, warning that companies failing to adopt AI will not survive. The layoffs are described as part of plans to prioritize resources around key growth areas.
The exchange recently launched AI agent platform ai.com on February 9 and became the first crypto platform to receive the ISO/IEC 42001:2023 certification for AI system management. The company has positioned AI as a core part of its business strategy.
Crypto.com joins several other firms making AI-linked workforce reductions. Blockchain analytics platform Messari announced further staff cuts this week, while the Algorand Foundation reduced headcount by 25%. Block, Pinterest, Atlassian, and Meta have also announced significant layoffs tied to AI integration in recent months.
Originally reported by CoinTelegraph.
