AI Business
1d ago
Crypto.com lays off 12% of workforce as latest company to cite AI in job cuts
CNBC TechnologyMar 19, 2026
AI Summary
Crypto.com has announced it will lay off 12% of its workforce, with CEO Kris Marszalek citing the integration of enterprise-wide AI as a key factor in the decision. This move reflects a broader trend in the tech industry, where companies are streamlining operations and adapting to new technologies, raising concerns about job security in the evolving landscape.
CEO Kris Marszalek said the layoffs were in "roles that do not adapt in our new world" as the company integrates enterprise-wide AI.
layoffscryptoai integrationworkforcebusiness strategy