Crypto.com Cuts Global Workforce 20% as Industry Woes Deepen
- Job losses add to a spate of layoffs amid digital-asset slide
- CEO says 2022 job cuts didn’t account for FTX collapse impact
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Digital-asset exchange Crypto.com is reducing its global workforce by about 20%, the latest retrenchment in the sector following a collapse in virtual-coin prices.
Kris Marszalek, the firm’s chief executive officer, said in a statement Friday that the “difficult” decision was made amid a focus on “prudent financial management” and “to position the company for long-term success.”