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Crypto.com Cuts About 12% of Jobs as It Expands Artificial Intelligence Use

Crypto.com Cuts About 12% of Jobs as It Expands Artificial Intelligence Use

Crypto.com said about 180 employees were affected as it restructures around AI adoption, while the exchange also pursues U.S. trust bank expansion under conditional OCC approval.

Fact Check
The statement is directly supported by a primary news report from PANews (https://www.panewslab.com/zh/articles/019d051c-73fc-702d-9275-b776360be6c5) which quotes the CEO's specific post on X. The date and the 12% figure match the corroborating event log on Xangle.io. The strategic shift is consistent with Marszalek's earlier 2026 activities in the AI space as reported by Decrypt.
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Summary

Crypto.com laid off about 12% of its roughly 1,500-person workforce, or around 180 employees, as it integrates artificial intelligence across the company to improve efficiency. A company spokesperson told CoinDesk the reduction is part of prioritizing resources around key growth areas, while CEO Kris Marszalek said firms that move slowly on AI will be left behind. The report adds that Crypto.com spent $70 million on the ai.com domain earlier this year and that the layoffs follow previous workforce cuts, including a 20% reduction in 2023. The exchange said affected employees have been notified and will receive transition support. The job cuts come as Crypto.com also secures conditional approval from the U.S. Office of the Comptroller of the Currency to establish a federally regulated national trust bank and expand custody services.

Terms & Concepts
  • Artificial intelligence: Computer systems used to automate or enhance tasks such as analysis, decision-making, and operational workflows.
  • OCC: The U.S. Office of the Comptroller of the Currency, a federal regulator that supervises national banks and certain trust institutions.
  • National trust bank: A federally regulated trust institution that can provide custody and related financial services under U.S. oversight.