Singapore-based Stock Exchange Has Made Layoffs Once Again

Cryptocurrency exchange Crypto.com has laid off 20% of its staff to cut costs due to ongoing negative conditions in the industry.

Crypto.com posted on its official website on January 13, the CEO of the exchange by Kris Marszalek from the information message sent to the employees to some details gave place. According to the shared post, the company stated that the events experienced in 2022 to the negatives against position many last July to get took precautions but under changing conditions review had to. The new measure taken by Crypto.com is that its staff 20% of He was cut off from the company.

In the statement, the dismissal decision with performance a relevance about the issue and to the employees affected by this decision. notification has been made specified. The company took this decision quite having a hard time but Crypto.com continuity suggested that this decision should be made. Crypto.com made the following statements about taking new measures:

At the beginning of 2022, we expanded our operations with incredible potential and momentum, but this had to be reversed due to rapidly declining global markets. The measures we took last July were supposed to enable us to get over the macroeconomic recession we were in. However, we could not predict that FTX would sign a scandal that would shake the trust in the crypto money industry so strongly. That’s why we need financial prudence now more than ever.

in the crypto industry bear market in the past because of of Crypto.com many companies in which have to cut announced that he was staying.

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