Crypto.com chief announces staff cuts
- June 13, 2022
- 0
Crypto.com CEO Chris Marszalek announced that it plans to lay off approximately 260 employees, or 5% of the entire workforce of the cryptocurrency platform. This means making the
Crypto.com CEO Chris Marszalek announced that it plans to lay off approximately 260 employees, or 5% of the entire workforce of the cryptocurrency platform.
This means making the difficult and necessary decisions to achieve sustained and sustainable growth over the long term by making targeted reductions in approximately 260% or 5% of our corporate workforce.
— Chris | Crypto.com (@kris) 11 June 2022
According to him, the company needs to focus on fulfilling its roadmap and optimizing profitability.
“We will continue to evaluate how we can best optimize our resources, […] To be the winner in the next bull rally,” Marszalek wrote.
In January, Crypto.com was hacked. The company initially denied the loss of funds, but later admitted that $34 million was withdrawn without authorization.
In early May, the platform announced a significant reduction in CRO staking rewards for prepaid cards, after which the token dropped more than 25%. The price rallied against the background of the publication of Marszalek’s headline about the proposed change in the company’s decision.
Earlier, the state optimization BitMEX, Robinhood, Gemini, Bitso and the parent company of the Brazilian Mercado Bitcoin exchange were announced.
Remember, Coinbase has decided to suspend hiring and cut spending on Amazon Web Services as a set of cost-cutting measures.
Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
