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

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Cryptocurrency trading platform Crypto.com announced Thursday that it is laying off 12% of its staff as the company integrates artificial intelligence . "We are joining the list of companies integrating enterprise-wide AI. Companies that do not make this pivot immediately will fail," CEO Kris Marszalek posted on X . "As part of this step, we have also made a targeted ~12% workforce reduction of roles that do not adapt in our new world," he added, saying the new structure prepares the company