Crypto.com lays off 12% of workforce as latest company to cite AI in job cuts

Crypto.com has laid off 12% of its workforce as it shifts aggressively toward AI‑driven operations, joining a growing list of companies citing artificial intelligence as the reason for major job cuts. CEO Kris Marszalek said the reductions target roles that “do not adapt in our new world,” echoing similar moves by Block, Meta, and Atlassian, all restructuring to fund AI investments and improve efficiency. The trend highlights how AI tools are reshaping corporate structures, reducing hiring for entry‑level roles, and raising concerns about future job prospects. Crypto.com’s pivot follows earlier layoffs in 2023 and comes shortly after Marszalek purchased the AI.com domain for $70 million to support the company’s AI ambitions.

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