Crypto.com Cuts 12% of Workforce Amid AI-Driven Restructuring Efforts

Crypto.com is cutting 12% of its workforce as it restructures around artificial intelligence. The move aims to make the company more efficient and lean, with CEO Kris Marszalek stating that companies that do not adapt to AI will fail.

The eliminated roles are those that 'do not adapt in our new world,' according to Marszalek, who added that the new structure prepares the company for continued success. The exact number of employees laid off was not revealed.

Crypto.com is not alone in its AI-driven workforce restructuring. Other companies such as Algorand Foundation, Meta, Atlassian, Block, and Salesforce have also made significant job cuts citing AI efficiency gains.