Crypto.com Internal Restructuring Laying Off More Than 30%-40% Of The Workforce
Amid a sharp market downturn earlier this year Singapore crypto exchange Crypto.com began cutting staff, has about 2,000 employees, or 30%-40% of its workforce, since last summer.
It was previously reported that Crypto.com had laid off 1,000 employees, including marketing staff and an in-house creative team hired just a few months earlier.
In addition, it ambitious marketing plans and trademark transactions were affected. After withdrawing its sponsorship with two UEFA Champion League teams worth $495 million last month and Los Angeles-based soccer team Angel FC, it has now also withdrawn its sponsorship deal. with the e-sports league of the streaming service Twitch.
However, this is considered a restructuring in the mind of Crypto.com and is expected to end this July to strengthen its position in the industry as well as in the context of the market being affected by the Macroeconomic conditions affect most industries.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Elise
CoinCu News
Author
News
Crypto.com Internal Restructuring Laying Off More Than 30%-40% Of The Workforce
Amid a sharp market downturn earlier this year Singapore crypto exchange Crypto.com began cutting staff, has about 2,000 employees, or 30%-40% of its workforce, since last summer.
It was previously reported that Crypto.com had laid off 1,000 employees, including marketing staff and an in-house creative team hired just a few months earlier.
In addition, it ambitious marketing plans and trademark transactions were affected. After withdrawing its sponsorship with two UEFA Champion League teams worth $495 million last month and Los Angeles-based soccer team Angel FC, it has now also withdrawn its sponsorship deal. with the e-sports league of the streaming service Twitch.
However, this is considered a restructuring in the mind of Crypto.com and is expected to end this July to strengthen its position in the industry as well as in the context of the market being affected by the Macroeconomic conditions affect most industries.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Elise
CoinCu News
Other Posts
Related Posts
Latest
Best Altcoins to Buy Today: Qubetics Rides 1000x Potential to Hit $2.6M, Ethereum Stays Rangebound, Tron USDT Transactions Hit $52B
Press Release
Best Altcoins to Buy Today: Qubetics Rides 1000x Potential to Hit $2.6M, Ethereum Stays Rangebound, Tron USDT Transactions Hit $52B
Analyst Sounds Major Breakout Alert Amid Shiba Inu, WallitIQ, And Dogecoin Price Recoveries
