Crypto.com cuts staff due to AI

Digital asset exchange Crypto.com is laying off approximately 12% of its workforce, attributing the job cuts to the need to adapt its business model in response to advancing artificial intelligence capabilities. This strategic shift reflects a broader trend in the tech industry where companies are integrating AI technologies and consequently restructuring their operations and staffing. The move signals a significant pivot for Crypto.com as it realigns its strategy with emerging technological advancements.