Published 1 year ago

Crypto.com announces it will lay off 20% of workforce

Summary by Ground News

Crypto.com announced layoffs Friday as the broader cryptocurrency industry reels following the collapse of FTX. The retail-focused exchange grew the be the third-largest cryptocurrency exchange by the size of employees. Co-founder Kris Marszalek said the company "grew ambitiously at the start of 2022"

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The Straits Times

Singapore-based Crypto.com to cut global workforce by 20%

Crypto firms collectively have shed more than 1,600 jobs in the first two weeks of 2023. Read more at straitstimes.com.

1 year ago·Singapore

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UPI

Crypto.com announces it will lay off 20% of workforce

Crypto.com, one of the most prominent cryptocurrency exchanges, announced Friday it was laying off 20% of its workforce in what appears to be more evidence of the meltdown of the industry.

1 year ago·Washington, United States

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WTVB

Singapore’s Crypto.com to cut global workforce by 20%

(Reuters) - Singapore-based crypto exchange Crypto.com said on Friday it had decided to reduce global workforce by approximately 20%. The announcement comes after Coinbase Global Inc said on Tuesday it would cut about 950 jobs, or 20% of its workforce, as part of a restructuring plan. (Reporting by Rhea Binoy in Bengaluru; Editing by Rashmi Aich)

1 year ago

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BFM TV

In bad shape, the giant Crypto.com will lay off 20% of its workforce

The exchange founded in 2016 will lay off 20% of its workforce. It obtained PSAN status in France in September, allowing it to win over French customers.

1 year ago·France

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Jornal de Negócios

“Crypto layoffs” continue: Crypto.com will cut 20% of the workforce

This is the second time in seven months that Crypto.com has triggered a wave of layoffs. Coinbase, Huobi, and Genisis have also ordered staff to leave.

1 year ago·Porto, Portugal

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