Crypto.com founder Kris Marszalek has said the exchange will cut around 12% of its workforce. The move is part of a strategic pivot by the company toward the enterprise-wide integration of AI.<\/p>\n
Marszalek made the announcement\u00a0in a post on his official X account on March 19,\u00a0stating<\/a> that Crypto.com would be integrating AI into its business and that firms that fail to do so are setting themselves up for failure.<\/p>\n \u201cCompanies that move slowly will be left behind,\u201d warned the CEO. \u201cCompanies that move immediately and pair the best AI tools with top-performers will achieve a level of scale and precision that was previously impossible.\u201d<\/p>\n As part of the step, Marszalek confirmed that they will be letting go of at least 12% of the Crypto.com staff, particularly those in what he described as \u201croles that do not adapt in our new world.\u201d<\/p>\n The announcement follows the company\u2019s acquisition of the AI.com domain for a reported<\/a> $70 million in February, which it positioned as a launchpad for autonomous AI agents.<\/p>\n Marszalek did not share specific figures on the firm\u2019s total headcount, the exact number of employees being let go, or the financial impact of the restructuring. He did confirm that those affected had been notified and were \u201creceiving resources to support their transition.\u201d<\/p>\n In February, Block, the company behind payments platforms like Cash App, Afterpay, and Square, reduced<\/a> its workforce by more than 4,000 employees, with CEO Jack Dorsey justifying the move using the same rationale Marszalek is employing now.<\/p>\n At the time, Dorsey pointed out that the way forward for running companies would be to pair small teams with AI tools, which would improve efficiency.<\/p>\n \u201cWe\u2019re already seeing that the intelligence tools we\u2019re creating and using, paired with smaller and flatter teams, are enabling a new way of working which fundamentally changes what it means to build and run a company,\u201d he posted<\/a> on X.<\/p>\n However, it appears that Block has since rehired a few of the people it had laid off. According to reports, several Block employees posted on their social media that they had received offers to\u00a0return to work, with one, Andrew Harvard,\u00a0claiming<\/a> he was told his layoff was the result of a clerical error.<\/p>\n The post This Crypto Firm Cuts 12% of Its Workforce to Accelerate AI Integration<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Crypto.com founder Kris Marszalek has said the exchange will cut around 12% of its workforce. The move is part of a strategic pivot by the company toward the enterprise-wide integration of AI. The AI Efficiency Argument Marszalek made the announcement\u00a0in a post on his official X account on March 19,\u00a0stating that Crypto.com would be integrating […]<\/p>\n","protected":false},"author":0,"featured_media":143351,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-143350","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/143350"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=143350"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/143350\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/143351"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=143350"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=143350"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=143350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Block Rehires Staff<\/h2>\n