Cryptocurrency exchange Crypto.com is laying off approximately 12% of its global workforce, with CEO Kris Marszalek stating the job cuts are due to roles that cannot adapt to the company's new strategy of integrating enterprise-wide AI.

Cryptocurrency exchange Crypto.com has confirmed a 12% reduction in its global workforce, with CEO Kris Marszalek stating the layoffs are for roles that 'do not adapt in our new world' as the company integrates enterprise-wide AI.