Crypto.com lays off 20% of its employees

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Bear market : Crypto.com licencie 20 % de son personnel

Like many companies at the beginning of the year, cryptocurrency platform Crypto.com informed that it was laying off staff. This measure represents 20% of its employees.

Crypto.com Makes Layoffs to Exit Crypto Winter

In the context of a bear market, cryptocurrency platforms Crypto.com informed that it is laying off around 20% of its employees Whole world. Following Silvergate, Genesis, Huobi and Coinbase, a new well-known player is joining the wave of downsizing at the start of the year.

Affected individuals have been notified and explained by Crypto.com CEO Chris Marszalek The decision was not based on the performance of its employees ,

“Several factors played a role in our decision to downsize. While we continue to perform well, reaching more than 70 million users worldwide and maintaining a strong balance sheet, we have faced economic headwinds and unexpected industry events. ,

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The constraints in question refer specifically to FTX, of which several companies have been collateral damage, Emphasis on the decline in market activity, Furthermore, it should also be noted that, in general, the global economic downturn has not failed to affect our ecosystem as well.

Last July, as the cryptocurrency market was settling deep into a bear market, Crypto.com has already separated from 5% of its armyBut like other exchanges making the news, this first step will not be enough.

Chris Marszalek explains that the stage is grand,”ambition“Early last year, and this new reorganization is the result of a choice”prudent financial management“. Despite this decision, The person in question still says he has confidence in the future of his company,

While some closed down, others are doing well irrespective of the context. This is especially the case for Binance, for example, Whose website still has 682 job offersat the time of writing.

With regard to the platform’s token CRO, the latter was not affected by the bad news, posting a gain of 4% in the last 24 hourswhile the market regains some strength, at least temporarily.

👉 Also in the news – Coinbase lays off 950 people again

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Source: crypto.com

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