Global Stock News

Crypto.com’s AI Campaign Triggers 12% Cut to Staff

Crypto.com’s AI Campaign Triggers 12% Cut to Staff

Crypto.com is cutting around 12% of its workforce as it concentrates more on AI.

The job cuts are the result of the company joining other firms who are “integrating enterprise-wide AI,” company CEO Kris Marszalek said in announcing the layoffs Thursday (March 19) in a post on social media platform X.

“Companies that do not make this pivot immediately will fail,” he wrote. “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 scale and precision that was previously impossible. This is where we must go.”

The affected roles are ones that “do not adapt in our new world,” Marszalek continued.

The cuts are the latest in a…

Source link

Share this article

Scroll to Top