Crypto.com cuts down 20% of its workforce, blames FTX scandal for current issues

As the global economy slows down companies have been laying off employees left, right, and centre. On top of that, the FTX scandal has made things especially hard for crypto companies that have laid down a sizeable chunk of their staff. Joining the list, Crypto.com recently fired around 20% of its employee base.

This is the second major layoff within a year at Crypto.com. Back in June 2022, the crypto exchange firm had also removed around 260 employees, which was about 5% of its workforce back then.

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