Why is Crypto.com laying off employees?

[encrypted]

Q: Why is Crypto.com cutting jobs?
A: The company is reducing up to 12% of its workforce as part of a shift toward enterprise-wide artificial intelligence integration.

Q: How many employees are affected?
A: With around 1,500 staff, the layoffs could impact roughly 180 employees.

Q: What is driving this decision?
A: CEO Kris Marszalek said the move is aimed at prioritizing resources toward key growth areas, especially AI-powered products and infrastructure.

[nihalsari]

Ah yes, the classic ‘AI will help us grow’ immediately followed by layoffs