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Crypto.com reduced its workforce by about 12%, affecting roughly 180 employees.
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The layoffs are part of a shift toward enterprise-wide AI integration.
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The company has now completed multiple rounds of workforce reductions since 2022.
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The move reflects a broader industry trend toward AI-driven efficiency.
Crypto.com Restructures Around AI Strategy
Crypto.com has announced a workforce reduction of approximately 12% as part of a broader shift toward artificial intelligence.
The cuts affect around 180 employees and target roles that are no longer aligned with the company’s evolving operational model.
CEO Kris Marszalek said the company is integrating AI across its business to improve efficiency and scalability.
Focus on Automation and Efficiency
The company believes that adopting AI tools across its operations will allow it to achieve higher levels of performance with a smaller team.
Marszalek emphasized that companies that move quickly to adopt AI will gain a competitive advantage, while those that delay risk falling behind.
Affected employees have been notified and are receiving support during the transition.
Part of Ongoing Workforce Reductions
This marks Crypto.com’s third major round of layoffs since 2022.
The company previously reduced its workforce by 5% during a macroeconomic downturn and later cut an additional 20% following the collapse of FTX in 2023.
The latest reductions reflect both changing market conditions and a strategic shift toward automation.
Industry-Wide Shift Toward AI
Crypto.com is not alone in restructuring around artificial intelligence.
Several crypto companies have announced layoffs in recent months while repositioning themselves as AI-focused organizations.
This trend highlights a broader transformation across the industry, where firms are seeking to reduce costs and increase efficiency by integrating AI into core operations.
