Crypto.com CEO Kris Marszalek says the company cut ~12% of its workforce, or ~180 roles, saying the layoffs target roles that “do not adapt” as it integrates AI
Quick Take — Crypto.com cut about 12% of its workforce, or roughly 180 roles based on a previously disclosed headcount of over 1,500 employees.
The Block Brian Danga
Related Coverage
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- Crypto.com is the latest company blaming AI for mass layoffs Quartz · Cris Tolomia
- CEOs Are Making Layoff Plans, But AI Isn't the Sole Reason Why Bloomberg · Heather Landy
- Block Lays Off Thousands, Meta Could Be Next. Who Else Will Slash Jobs? Barron's Online · Nate Wolf
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Discussion
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@kris
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We are joining the list of companies integrating enterprise-wide AI. Companies that do not make this pivot immediately will fail. Companies that move slowly will be left behind. Companies that move immediately and pair the best AI tools with top-performers will achieve a level of
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Adapt to AI or Fall Behind," CEO Says as Crypto.com Lays Off 12% of Staff