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Crypto.com begins layoffs; reducing global workforce by nearly 20% as cryptocurrency market's woes deepen

Shortpedia

Content Team
Image Credit: twitter

Singapore-based crypto exchange Crypto.com said on Friday it had decided to reduce global workforce by approximately 20%. The digital asset company said that it is being done to position the company for long-term success. Crypto.com previously had previously made layoffs in the middle of last year.