Crypto.com Is Laying Off 5% of Workforce Amid the Bear Market

In the latest harbinger of troubles in cryptocurrency markets, top exchange Crypto.com is laying off a good chunk of its workforce, according to three sources with knowledge of the matter.

A spokesperson for Crypto.com told Blockworks the company recently made the “difficult decision” to carry out “targeted reductions” totaling 260 staffers, or 5% of its workforce.

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