Original Source
Crypto.com Announces 12% Workforce Reduction Due to AI Integration
Crypto.com Restructures Amid AI Integration
Cryptocurrency exchange platform Crypto.com announced on Thursday, March 19, that it would cut 12% of its workforce as it integrates artificial intelligence (AI) into its operations. CEO Kris Marszalek stated on social media X, "We are joining the ranks of businesses integrating AI across the company. Companies that do not make this transition immediately will fail." He added that "as part of this move, we also made approximately 12% in workforce reductions for positions unable to adapt to the new environment."
AI Adoption and Corporate Job Cuts Trend
Crypto.com's layoffs come as more companies reduce staff, citing the introduction of AI technology. Last month, payments giant Block (formerly Square) cut over 4,000 employees, approximately 40% of its total workforce. Jack Dorsey, Block co-founder and chairman, emphasized that in the age of AI, businesses must operate with flatter, leaner structures to survive. Reuters reported that Meta, Facebook's parent company, is also planning layoffs that could affect 20% of its employees, also linked to AI technology adoption.
*Source: 大紀元新聞網 (2026-03-19)*
