Crypto.com founder Kris Marszalek has announced a workforce reduction of around 12%. The cuts target employees in roles that do not adapt to the company’s strategic pivot toward enterprise-wide artificial intelligence integration. This follows the company’s reported $70 million acquisition of the AI.com domain in February, which it plans to use as a launchpad for autonomous AI agents.
Cryptocurrency exchange Crypto.com will reduce its workforce by approximately 12%. Founder Kris Marszalek stated the move is part of a strategic pivot toward integrating artificial intelligence across its enterprise.
He made the announcement in a post on his official X account on March 19. Marszalek warned that “Companies that move slowly will be left behind.”
He emphasized that firms pairing top AI tools with high performers will achieve unprecedented scale. The layoffs specifically affect employees in what he described as “roles that do not adapt in our new world.”
The company recently acquired the AI.com domain for a reported $70 million. It positioned the domain as a platform for launching autonomous AI agents.
Marszalek did not specify the exact number of employees affected or the financial impact. He confirmed that affected staff have been notified and are receiving transition resources.
This follows a similar workforce adjustment by Block, which reduced its staff by over 4,000 people in February. Block CEO Jack Dorsey also cited AI-driven efficiency as a key reason.
Dorsey posted on X that AI tools paired with smaller teams enable a new way of working. He stated it fundamentally changes how to build and run a company.
However, Block has reportedly rehired some of the employees it laid off. One employee, Andrew Harvard, claimed on LinkedIn he was told his layoff resulted from a clerical error.
