Crypto.com cuts staff due to the cryptocurrency crisis

Crypto.com continua a ridurre il personale a causa della crisi delle criptovalute thumbnail

The cryptocurrency market crisis is creating many problems for companies born to manage transactions in virtual currency e Crypto.coma real reference point for the sector, is the confirmation. The company continues to reduce its workforce after years of constant growth.

Crypto.com has to deal with the cryptocurrency crisis: jobs are down

Last June, Crypto.com announced a 5% cut of the workforce with 260 employees fired. In recent weeks, the company has not made new hires, they continue to progressively reduce the workforce. As reported by The Verge, in fact, Crypto.com has further reduced its workforce letting hundreds of employees go to life. These further cuts were not accompanied by any announcements. At the moment, the extent of the cut is unclear.

The source of The Verge he told the American magazine: “Due to the lack of internal transparency, one can only estimate the extent of this layoff round: we have increased our staff by around 50% since 2021 and almost all have been hired to fuel growth. . Now it seems that these approximately 1,300 additional employees are seen as costs to be reduced in order to save the company “

Further updates on the issue should arrive shortly. According to the magazine, moreover, Crypto.com CEO Kris Marszalek did not respond to the actual number of layoffsthose who arrived following the crisis in the sector.