The post Crypto.com announces lays off for AI efficiency as Dorsey’s Block quietly rehires staff appeared on BitcoinEthereumNews.com.

Kris Marszalek, the CEO of Crypto.com, became the latest to announce a workforce reduction. The American crypto exchange executive did not mince words when it came to why 12% of the company’s staff had to start looking for new jobs. He argued that pairing the best AI tools with “top-performers” would allow the exchange to reach a new level of efficiency.  However, it has not been smooth sailing for firms that cut employees in favor of AI agents, as Dorsey’s Block is now reconsidering its decision and attempting to bring back some of the human workforce it let go in February. Is AI a real tool for efficiency? In the first quarter of 2026, the tech industry has already seen over 30,000 job cuts. Amazon recently eliminated 16,000 corporate roles to make room for AI agents, and Meta cut over 1,000 positions in its own AI division to “slim down” operations. Kris Marszalek, the CEO of Crypto.com, recently took to social media to announce a 12% reduction in the company’s workforce. Marszalek stated that Crypto.com is now joining other firms to integrate AI into its operations. He argued that pairing the best AI tools with “top-performers” would allow the exchange to reach a new level of efficiency. Marszalek stated that companies that do not integrate AI into their operations would be left behind. The 12% cut specifically targeted roles that the company believes do not fit into its new, AI-driven workflow. Meanwhile, Block, led by Jack Dorsey, has taken a far more aggressive approach. Cryptopolitan previously reported that Jack Dorsey’s Block let go of 40% of its workforce, over 4,000 employees. The company now has a total staff of just under 6,000. However, since the massive firing, several employees have shared stories of being brought back almost immediately. A recently…

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Filed under: News - @ March 19, 2026 5:29 pm