Crypto.com CEO announced a 12% workforce reduction, stating the company needs to fully integrate AI to remain competitive.

PANews reported on March 19th that Crypto.com CEO Kris Marszalek posted on the X platform: "We are joining the ranks of companies integrating AI across the entire enterprise. Companies that fail to make this transition immediately will fail. Companies that are slow to act will be left behind. Companies that act immediately and combine the best AI tools with top talent will achieve unprecedented scale and precision. This is the path we must take. As part of this step, we have also selectively eliminated approximately 12% of positions that are not well-suited to the new environment. All affected team members have been notified and are receiving resources to support their transition. We deeply appreciate the contributions of our departing colleagues. This new foundation will lay the groundwork for our continued success."