Crypto Exchange Crypto.com’s Downsizing Larger Than Previously Reported: Ad Age

Though declining to address specific numbers on how many have been laid off, a Crypto.com spokesperson told Ad Age: “As disclosed in June, Crypto.com underwent a restructuring process that concluded in July to strengthen our position amidst the backdrop of a bear market climate … As part of that restructuring, we made the difficult decision to conduct targeted job reductions, 60% of those roles came from non-corporate, back office and support services tied to trade volumes.”