Crypto.com Lays off 12% Staff in AI Pivot -- WSJ-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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Crypto.com Lays off 12% Staff in AI Pivot -- WSJ

Dow Jones03-19 22:45

By Vicky Ge Huang

Digital-currency exchange Crypto.com said Thursday it is reducing about 12% of its workforce, citing a push to integrate artificial intelligence across its business.

In a social-media post, CEO Kris Marszalek said the cuts targeted "roles that do not adapt in our new world." The cuts come shortly after Marszalek bought the domain name AI.com in February for $70 million.

The move marks the latest AI-related layoffs across the tech and crypto sectors. Earlier this week, crypto research firm Messari parted ways with some of its staff and its chief executive as the company transitions into what the new CEO called an "AI-first company." Last month, Block, the payments company founded by Jack Dorsey, announced plans to slash 40% of employees, over 4,000 people, citing improved AI models.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

March 19, 2026 10:45 ET (14:45 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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