Crypto.com cuts 12% of staff as it integrates AI across the business for efficiency

The exchange laid off about 180 employees as it restructures and rolls out enterprise-wide AI to drive efficiencies. What to know : Crypto.com has laid off about 12% of its roughly 1,500-person workforce, or around 180 employees, as it restructures and doubles down on artificial intelligence to boost efficiency. Chief executive Kris Marszalek has warned that companies that fail to rapidly integrate AI into their operations will be "left behind," following the firm's $70 million purchase of the ai.com domain and broader industry spending on AI. The cuts mark the latest in a series of workforce reductions at Crypto.com and come amid similar AI-linked layoffs across the tech and crypto sectors, even as the exchange secures conditional U.S. approval to launch a federally regulated crypto trust bank.(Coindesk)