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
The Block Brian Danga
Related Coverage
- Crypto.com cuts 12% workforce amid AI push, CEO points to AI-driven change Business Today
- Crypto.com cuts 12% jobs, bets big on AI Coinpedia Fintech News · Sohrab Khawas
- CEOs Are Making Layoff Plans, But AI Isn't the Sole Reason Why Bloomberg · Heather Landy
- Crypto.com Restructures Around AI, Starting With 180 Pink Slips Blockhead
- Crypto.com Cut 12% of Workforce, Citing AI The Information · Yueqi Yang
- Crypto.com lays off 12% of workforce as latest company to cite AI in job cuts CNBC · Lola Murti
- Crypto.com Cuts 12% of Staff and Pins Job Losses on AI Push Bloomberg · Emily Nicolle
- Crypto.com Cuts 12% Workforce to Accelerate AI, CEO Warns to Adapt or Fall Behind Cryip · Sathish Kumar K
- Block Lays Off Thousands, Meta Could Be Next. Who Else Will Slash Jobs? Barron's Online · Nate Wolf
- Crypto.com cuts 12% jobs, says AI shift is no longer optional Moneycontrol
- Crypto firms are slashing jobs — and they're mostly citing the same reason DL News · Tim Craig
- Crypto.com CEO is the latest boss to blame AI as he lays off 12% of staff Fast Company · Michael Grothaus
Discussion
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@kris
@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