Cryptocurrency exchange Crypto.com announced that it would be cutting jobs by 20% as a result of the “significant damage” the industry has suffered due to the fall of FTX.
Crypto exchange Crypto.com has said that it would be cutting its workforce by around 20% amid the ongoing crypto winter and the ramifications of FTX. The company cited economic difficulties as the overall market downturn continues and the catastrophic collapse of FTX as the reason for its decision. In a company post, CEO and co-founder, Kris Marszalek, said:
We grew ambitiously at the start of 2022, building on our incredible momentum and aligning with the trajectory of the broader industry. That trajectory changed rapidly with a confluence of negative economic developments.
From the company’s social media profiles, it has been determined that Crypto.com has somewhere between 3,500-4,500 employees, meaning that around 700-900 employees stand to lose their jobs. The exchange had to make significant staff reduct
We współpracy z: https://cryptodaily.co.uk/2023/01/cryptocom-announces-20-layoffs-amid-fallout-from-ftx
