"Companies that do not make this pivot immediately will fail. Companies that move slowly will be left behind."
"As a result of this embrace of AI, Crypto.com would lay off around 12% of its workforce in roles that do not adapt in our new world."
Kris Marszalek, CEO of Crypto.com, announced a 12% staff reduction due to the integration of AI within the company. He emphasized that companies must embrace AI to survive, stating that those who do not adapt will fail. The layoffs will target roles that do not align with the new AI-driven direction. Marszalek's announcement reflects a broader trend, as other companies, like Block, have also cited AI as a reason for workforce reductions.
Read at Fast Company
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