Crypto.com Cuts 20% Jobs Amid 'Unforeseeable' Industry Events

Crypto exchange Crypto.com is cutting its global workforce by 20%, it said on Friday, as it navigates ongoing economic headwinds and "unforeseeable" industry events. From a report: This is the second major layoff at the Singapore-headquartered Crypto.com, which cut 250 jobs in mid-last year -- though a report suggested that more than 2,000 people were either let go or left at their own will. The company did not say what roles were being eliminated in the new round of layoff but blamed the collapse of FTX, whose misappropriation of customers' funds and bankruptcy "significantly damaged trust in the industry."

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