Crypto.com announces AI transition, cuts workforce by 12%

Cryptocurrency exchange Crypto.com announced it is implementing artificial intelligence (AI) across the company. In a post on X, CEO Kris Marszalek stated that companies failing to immediately pursue an AI transition risk falling behind their competitors. He explained that Crypto.com is adopting AI company-wide and has reduced its workforce by approximately 12%, focusing on roles deemed unsuitable for the new environment. Marszalek added that this measure will serve as a foundation for future growth.