Crypto.com has cut approximately 12% of its workforce, equating to around 180 employees, as part of a broader strategy to integrate artificial intelligence across the company. CEO Kris Marszalek stated the layoffs target roles that “do not adapt” to the new AI-focused operational model. The exchange, founded in Hong Kong, currently maintains offices in Singapore, France, and the U.S.
AI Integration as a Strategic Priority
Marszalek emphasized that companies must adopt enterprise-wide AI immediately to remain competitive, combining advanced AI tools with top-performing employees to achieve unprecedented scale and operational precision. The layoffs include notifications and transition support for affected staff, aligning the company’s structure with its AI-driven vision.
Industry-Wide Trend of Crypto Layoffs
Crypto.com’s reductions follow a series of workforce cuts across the crypto sector. Gemini announced up to 200 layoffs in February, while Block reduced roughly 40% of its team last month to implement a smaller, AI-focused operating model. Messari and the Algorand Foundation have also undertaken staff reductions, citing both market conditions and AI-first restructuring strategies.
The layoffs reflect an industry-wide shift toward AI adoption in digital asset companies, emphasizing operational efficiency and technological competitiveness as the crypto market navigates challenging macroeconomic conditions.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.