On Thursday, Crypto.com said it has reduced its workforce by roughly 12% as it accelerates an enterprise-wide push into artificial intelligence, according to a statement from CEO Kris Marszalek.
Job Cuts Follow Enterprise-Wide AI Adoption Plan
The announcement came via a post on X, where Marszalek framed the layoffs as part of a broader strategic pivot toward AI integration across the company. The Singapore-based crypto platform joins a growing list of firms restructuring operations around automation and machine learning.
“We are joining the list of companies integrating enterprise-wide AI,” Marszalek wrote. “Companies that do not make this pivot immediately will fail.” He added that organizations that move quickly and pair advanced AI tools with top performers can reach “a level of scale and precision that was previously impossible.”
As part of the shift, Marszalek said the company implemented a “targeted ~12% workforce reduction” affecting roles that do not align with the new AI-driven direction. He noted that impacted employees have been notified and are receiving transition support.
The company did not disclose how many employees were affected or which departments saw the deepest cuts. Crypto.com has previously undergone multiple rounds of layoffs during downturns in the digital asset sector, reflecting broader cost-cutting trends across crypto firms.
Marszalek emphasized that the restructuring is designed to position the company for long-term growth, stating, “This new foundation sets us up for continued success.” He also expressed appreciation for departing staff, acknowledging their contributions to the company’s development.
Several commenters on Marszalek’s X post disagreed with the move. “AI is not meant to reduce the workforce; it is meant to boost productivity,” one person replied to Marszalek’s X post.
The move highlights a wider shift across financial technology and crypto companies, where AI adoption is increasingly tied to operational efficiency, product development, and competitive positioning in U.S. and global markets.
FAQ 🔎
- Why did Crypto.com cut 12% of its workforce?
The company said the layoffs align with a shift toward enterprise-wide AI integration and operational restructuring. - What did the CEO say about AI adoption?
Kris Marszalek said companies that fail to adopt AI quickly risk falling behind or failing entirely. - Were employees given support after layoffs?
Yes, Crypto.com said affected staff were notified and provided resources to assist with their transition. - Is this part of a broader trend in crypto and fintech?
Yes, many firms are adopting AI to improve efficiency and scale operations across U.S. and global markets.