As part of a new internal reorganization, the recent layoffs at Crypto.com mark a further downsizing of the exchange, which aims to focus on initiatives deemed strategic.
Crypto.com Reduces Workforce Globally
The Singapore-based cryptocurrency exchange Crypto.com has cut approximately 12% of its global workforce, equivalent to about 180 employees, as part of a strategic restructuring. The news emerged from information gathered by The Straits Times.
In an email sent to the employees involved, the human resources department explained that the cuts are part of a broader corporate reorganization. However, the message, sent on the morning of March 19, did not provide further details other than the reference to a shift towards “key business initiatives”.
Impact on Teams and Internal Testimonials
Before the cuts, the global workforce exceeded 1,500 employees, according to data published on the company’s website. It is still unclear how many Singapore employees were actually
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