Crypto.com CEO announces 12% layoffs targeting 'roles that do not adapt in our new world'

Crypto.com CEO Kris Marszalek cited the company's turn to "enterprise-wide AI" in his layoff announcement.

Marco Bello/Reuters

• Crypto.com CEO Kris Marszalek announced a 12% layoff, citing the integration of "enterprise-wide AI."
• Non-adopters will "immediately fail," and slow-moving companies will be "left behind," Marszalek wrote on X.
• He joins a growing list of CEOs citing AI as a reason for layoffs, including Block's Jack Dorsey.

The tech layoffs keep coming ...