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Crypto.com lays off 12% of staff as CEO warns firms must move fast on AI
- On Thursday, March 19, Singapore-headquartered cryptocurrency exchange Crypto.com laid off roughly 12% of its global workforce, or 180 employees, pivoting "towards key business initiatives."
- A senior executive stated the company's structure had become "quite layered and siloed," creating inefficiencies that prompted the firm to lean into new platforms and technologies.
- Crypto.com previously spent $70 million to acquire ai.com, signaling a broader transition into artificial intelligence, a sector that reached nearly $1.5 trillion in worldwide spending during 2025 according to Gartner.
- Affected team members will receive resources to support their transition, though one employee discovered the move after being locked out of the company's communication platform, Slack.
- The reduction follows broader industry trends; technology firms in the U.S. cut about 22,291 jobs last year amid shifting market conditions and ongoing restructuring efforts.
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American cryptomudge correctioner sent 180 employees and indicated to be replacing part of human-work by artificial intelligence
·Brazil
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Crypto.com layoffs: Company to cut 12% workforce as AI push reshapes operations — all you need to know
Layoffs continue in the tech sector as companies like Meta and Crypto.com cut jobs to adapt to AI-driven changes. This year, over 39,000 employees have been affected, highlighting a significant shift in corporate strategies towards AI and efficiency.
·New Delhi, India
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Coverage Details
Total News Sources36
Leaning Left2Leaning Right2Center5Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
L 22%
C 56%
R 22%
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