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Briefing: Crypto.com lays off 12% of workforce in latest company to cite AI in job cuts
Strategic angle: CEO Kris Marszalek stated the layoffs target roles that do not adapt to the company's new AI-driven strategy.
editorial-staff
1 min read
Updated 23 days ago
Crypto.com has confirmed a layoff affecting 12% of its workforce, a significant move as the company pivots towards an AI-driven operational model.
CEO Kris Marszalek noted that the layoffs target positions that do not align with the company's new strategic direction focused on artificial intelligence.
This decision reflects broader trends in the industry where companies are reassessing workforce needs in light of technological advancements and automation.