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Crypto.com Cuts 12% of Workforce as It Accelerates AI Integration

Crypto.com has laid off around 180 employees, shifting resources toward AI as part of a broader efficiency and automation push.

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Crypto.com has laid off about 12% of its workforce, or roughly 180 employees, as it restructures operations and accelerates the integration of artificial intelligence across its business. The Singapore-based exchange had around 1,500 staff prior to the cuts.

CEO Kris Marszalek said companies that fail to adopt AI quickly risk falling behind, emphasizing the need to pair advanced tools with high-performing teams to achieve greater efficiency and scale. The company recently underscored its AI ambitions with a $70 million purchase of the ai.com domain.

The layoffs mark the latest in a series of workforce reductions at Crypto.com, following a 20% staff cut in 2023. The move mirrors a broader industry trend, with firms like Block, Inc. also reducing headcount while shifting toward AI-driven productivity.

Despite the cuts, Crypto.com continues expanding, recently securing conditional approval from the Office of the Comptroller of the Currency to launch a federally regulated crypto trust bank, signaling ongoing growth alongside restructuring.

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