Crypto.com Restructures, Cuts Jobs While Expanding AI Focus

Rising layoffs across crypto signal a shift toward AI-driven operations and leaner, more efficient business models.

Crypto.com has announced another round of layoffs as it shifts its focus toward artificial intelligence. The exchange plans to reduce its workforce by about 12%, affecting roughly 180 employees. CEO Kris Marszalek said the move aligns with a broader industry push toward AI-driven operations. 

Crypto.com Trims Staff as Leadership Prioritizes AI and Operational Efficiency

In a recent X post, Crypto.com Co-founder and CEO Kris Marszalek said the company will reduce its workforce by about 12%. Based on a staff count of over 1,500, this affects roughly 180 employees. Marszalek linked the decision to a company-wide move toward AI integration.

Marszalek said companies that delay adopting AI risk falling behind. According to him, combining AI tools with strong talent could lead to greater efficiency and scale.

The CEO added that affected employees have been notified and will receive support during the transition. He also expressed appreciation for their contributions.

Despite the cut, Crypto.com continues to maintain a global presence. The Hong Kong-founded exchange operates offices in Singapore, France, and the United States. Its recent actions suggest a stronger focus on efficiency and automation as competition increases.

Crypto Job Reductions Accelerate as Firms Rebuild Around Leaner Teams

Notably, the latest job cuts at Crypto.com mark the third round of layoffs since 2022. During that year, the firm reduced its workforce by about 5%, removing around 260 roles. Management cited a weak macro environment at the time. 

Following the collapse of FTX later in 2022, the company announced another major cut. In early 2023, it reduced staff by about 20%.

Across the sector, similar workforce reductions are becoming more common. The Algorand Foundation recently cut about 25% of its staff. The organization pointed to uncertain global conditions and a prolonged downturn in crypto markets as key reasons.

In addition, Messari, a crypto data platform, also announced layoffs alongside a leadership change. CEO Eric Turner stepped down, with CTO Diran Li taking over the role. Li said the company parted ways with several team members as it shifts toward becoming an AI-first business. However, the exact number of affected employees was not disclosed.

Likewise, OP Labs, the firm behind the Optimism network, has reduced its workforce by about 20%. Leadership said the decision allows the company to operate with a smaller team while focusing on core development work.

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