Crypto.com Restructures, Lays Off 12% of Workforce Amid AI Shift

Crypto.com has joined the growing list of companies reorganizing their workforce in response to the increasing demand for artificial intelligence. The company announced that it is laying off 12% of its employees, citing the need to adapt to a new world where AI is becoming increasingly prominent.

According to CEO Kris Marszalek, companies that fail to make this pivot immediately will ultimately fail. He emphasized that pairing top-performers with the best AI tools can lead to a level of scale and precision previously unimaginable.

The exact number of employees let go was not disclosed. This move comes as part of Crypto.com's efforts to boost efficiency and prepare for continued success in the industry.