Crypto.com Cuts Workforce by 12% as CEO Pushes Enterprise-Wide AI Shift

• Crypro.com cuts workforce as CEO pushes aggressive enterprise-wide AI shift
• AI-driven restructuring spreads across crypto firms amid ongoing layoffs wave
• Industry pivots to automation as companies prioritize efficiency and scalability

A fresh wave of restructuring has hit the crypto sector as companies accelerate their shift toward artificial intelligence-driven operations. This time, Crypto.com has taken center stage with a significant workforce reduction tied directly to its evolving strategy.

Crypto.com co-founder and CEO Kris Marszalek confirmed that the exchange is cutting approximately 12% of its staff. According to his statement on X, the move reflects a broader transition toward enterprise-wide AI adoption, impacting about 180 employees based on the firm’s previously disclosed workforce size.

Marszalek explained that the layoffs primarily target roles that do not align with the company’s new AI-focused direction. He noted that affected employees have already received notifications and transition support resources. Additionally, he stressed that companies failing to adopt AI quickly risk falling behind in scale and operational efficiency.

This marks the third round of layoffs for the exchange since 2022. Earlier cuts included a 5% reduction during a macroeconomic downturn. Subsequently, the firm reduced its workforce by 20% following the collapse of FTX in 2023. Despite these adjustments, Crypto.com continues to maintain offices across Singapore, France, and the United States.

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AI Adoption Drives Industry-Wide Workforce Restructuring

Across the crypto sector, similar decisions have emerged as firms reshape operations around artificial intelligence. Gemini recently announced plans to cut up to 200 roles to streamline costs and improve profitability. According to its founders, the move aligns with a long-term efficiency strategy.

Meanwhile, payments firm Block reduced nearly 40% of its workforce as CEO Jack Dorsey pushed for a leaner AI-driven structure. Although some employees were later rehired, the broader shift toward automation remains clear. In addition, crypto data platform Messari also carried out layoffs during a leadership transition. The company indicated that restructuring efforts aim to position it as an AI-first organization.

Elsewhere, the Algorand Foundation reduced its workforce by 25%, citing macroeconomic uncertainty alongside ongoing market pressures. These developments highlight a growing pattern across the digital asset ecosystem. Crypto.com’s latest layoffs reflect a broader transformation shaping the crypto industry. As AI adoption accelerates, companies continue to restructure operations to remain competitive.

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