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UEFA Champion League teams worth $495 million last month and Los Angeles-based soccer team Angel FC, it has now also withdrawn its sponsorship deal.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UEFA Champion League teams worth $495 million last month and Los Angeles-based soccer team Angel FC, it has now also withdrawn its sponsorship deal.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 for 2025: Qubetics Presale Surge, Solana’s Lightning Speed, and Cardano’s Blockchain Revolution
Why Qubetics, NEAR Protocol, and IMX Are Dominating Crypto: The Best Altcoins to Join Today for Game-Changing ReturnsÂ
Bonk’s ICO Was Just the Start: Why BTFD Coin’s Stage 7 Price Rollback Is Your Second Shot at Crypto Glory
Press Release
Best Altcoins to Buy for 2025: Qubetics Presale Surge, Solana’s Lightning Speed, and Cardano’s Blockchain Revolution
Why Qubetics, NEAR Protocol, and IMX Are Dominating Crypto: The Best Altcoins to Join Today for Game-Changing ReturnsÂ
