Financial Markets

BREAKING! CRYPTO.COM LAID OFF 260 EMPLOYEES — THEN QUIETLY LET GO OF HUNDREDS MORE

Crypto.com announced in June that it was laying off around 260 employees, or 5 percent of its workforce, due to the widespread downturn in the crypto market. But sources tell The Verge that the company has quietly let go of hundreds more employees since the initial layoffs. CEO Kris Marszalek refused to answer a question about the total figure in a recent employees-only town hall meeting. The company has been trying to limit knowledge of the extent of these departures even within the company.
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