Crypto.com is reducing its workforce by approximately 12%. The cuts reflect a broader shift toward artificial intelligence integration across crypto firms seeking operational efficiency and scale.
The Crypto.com layoffs affect around 180 employees from a workforce of over 1,500, according to CEO Kris Marszalek. Marszalek said the reductions target roles that fail to adapt as the company deploys “enterprise-wide AI,” with affected staff receiving transition support.
We are joining the list of companies integrating enterprise-wide AI. Companies that do not make this pivot immediately will fail. Companies that move slowly will be left behind. Companies that move immediately and pair the best AI tools with top-performers will achieve a level of…
— Kris | ai.com (@kris) March 19, 2026
Is AI Reshaping Crypto Workforce Structures Permanently?
The move marks Crypto.com’s third round of layoffs since 2022. The firm previously cut 5% of staff during macroeconomic tightening and reduced a further 20% in 2023 following the collapse of FTX. The latest reductions suggest structural changes tied less to market cycles and more to internal automation strategies.
Lot's of questions and speculation flying around regarding what https://t.co/pFc4PzqqHR is doing during the market downturn. My thoughts below 🧵
— Kris | ai.com (@kris) June 11, 2022
Across the sector, similar patterns are emerging. Gemini plans to cut roughly 200 roles, while Block reduced about 40% of its workforce as part of an AI-focused operating model. The Algorand Foundation also announced a 25% workforce reduction, citing macro uncertainty alongside market conditions.
Today, the Algorand Foundation made the difficult decision to reduce our workforce by 25%. This decision was not taken lightly and is in response to the uncertain global macro environment as well as the broader downturn in crypto markets.
— Algorand Foundation (@AlgoFoundation) March 18, 2026
These employees have been best-in-class…
“We are joining the list of companies integrating enterprise-wide AI,” Marszalek said, adding that firms moving slowly risk falling behind competitors adopting automation at scale.
His comments frame AI adoption as a competitive necessity rather than a discretionary upgrade.
Yet, the pace and scale of workforce reductions raise questions about execution risk and long-term productivity gains. Market participants will watch whether AI-driven restructuring translates into improved margins and whether additional exchanges follow with similar workforce adjustments in coming quarters.
