Crypto.com reduces workforce by 20% due to economic headwinds and “unforeseeable” industry events

  • Crypto exchange Crypto.com is reducing its global workforce by 20%.
  • This is the second major layoff at the Singapore-headquartered Crypto.com, with 250 jobs cut in mid-last year.
  • The company is navigating ongoing economic headwinds and “unforeseeable” industry events.
  • Reports suggest that more than 2,000 people were let go.
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