Digital-asset exchange Crypto.com said it is axing around 12% of its workforce, citing a need to adapt its business to rising artificial intelligence capabilities. The Singapore-headquartered exchange is integrating AI across its business, giving it room to reduce headcount, it said in a statement on Thursday. That equates to roughly 180 employees.
Crypto.com, the Singapore-headquartered digital-asset exchange, said it will axe around 12% of its workforce, citing a need to align its business with rising artificial intelligence capabilities. The company is integrating AI across its operations, giving it room to reduce headcount, which equates to roughly 180 employees. A Crypto.com spokesperson declined to comment further.
The move is framed as a strategic adaptation to AI-enabled capabilities rather than a broader shift in business strategy. AI integration across its operations is the driver behind the headcount reduction. Crypto.com did not disclose timing or specify which roles or departments will be affected. The company provided no further details beyond the initial statement.
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