New Delhi, March 20 -- Cryptocurrency exchange Crypto.com announced on Thursday that it is trimming 12% of its workforce as part of its efforts to integrate artificial intelligence into its operations, a trend seen across corporate sectors.

"We are joining the list of companies integrating enterprise-wide AI. Companies that do not make this pivot immediately will fail. Companies that move slowly will be left behind," CEO Kris Marszalek posted on X (formerly Twitter).

"As part of this step, we have also made a targeted ~12% workforce reduction of roles that do not adapt in our new world," he said, adding the new foundation prepares the company for "continued success".

The chief executive also confirmed that all affected team members hav...