Crypto
From Crypto.com to Algorand, crypto firms cut jobs citing AI
Crypto.com will cut 12 percent of its workforce, or about 180 jobs, as it pushes AI integration, The Block reported. CEO Kris Marszalek said on X that companies that do not adopt AI will be left behind. The company has made three large rounds of layoffs since 2022. Gemini announced 200 job cuts. Block cut 40 percent, while Messari also reduced staff. The Algorand Foundation announced a 25 percent cut.
