Crypto.com is reducing its 1,500-strong workforce by 12% as the digital asset exchange pushes for deeper integration of artificial intelligence in its workflow.
Crypto.com Axes 12% of Jobs, Citing AI Efficiencies
19 March 2026 - 15:50 CET
Making the announcement in a post on the social media platform X, CEO Kris Marszalek stated that companies failing to make this pivot immediately will fail and those moving slowly will be left behind. He added that pairing the best artificial intelligence tools with top performers is the way forward.
Growing list of redundancies
Crypto.com joins a long list of digital asset firms that have recently trimmed their staffing. A combination of artificial intelligence, a market downturn and a subdued economic outlook is forcing crypto firms to become leaner.
The foundation behind the layer-1 blockchain Algorand recently cut 25% of its workforce citing macroeconomic concerns. Similarly, crypto data firm Messari shuffled top management and cut jobs and the development firm behind the Optimism network reduced a significant portion of its staff as layer 2 struggles mount.
Marszalek emphasized in his public statement that executing this technological transition efficiently is critical for long-term survival in the digital asset sector.
