Crypto.com Cuts 12% of Workforce Amid AI Transition
- Crypto.com is reducing its workforce by approximately 12% as it shifts towards artificial intelligence.
- This marks the third round of layoffs in recent years, following cuts of about 5% in 2022 and roughly 20% in 2023.
- CEO Kris Marszalek emphasized the necessity of adopting AI tools to remain competitive in an automated industry.
- The company aims to improve efficiency by addressing organizational silos and leveraging new technologies.
- The crypto industry is experiencing widespread restructuring, with other firms like Algorand Foundation and Block also announcing significant layoffs.
Crypto.com’s decision to lay off around 12% of its staff highlights the ongoing trend of restructuring within the crypto industry, as companies adapt to technological advancements like artificial intelligence.
Source (3.2)https://cryptobriefing.com/crypto-com-workforce-reduction-ai/?rand=59535
