Crypto.com to Cut About 12% of Its Staff as It Pushes Ahead with AI Transformation Efforts

BlockBeats News, March 19th, Crypto.com Co-Founder and CEO Kris Marszalek stated, "We are joining the ranks of companies that are integrating artificial intelligence (AI) across the entire organization. Companies that do not complete this transformation immediately will fail, and those that move slowly will be eliminated. Meanwhile, companies that take swift action and combine cutting-edge AI tools with top-tier employees will achieve a scale and efficiency previously unimaginable. This is the direction we must move in."

As part of this transformation, we have also carried out targeted layoffs of about 12%, involving positions that did not adapt to the new environment. All affected employees have been notified and are receiving relevant resources to support their transition. We are deeply grateful for the contributions of our departing colleagues."