Crypto.com påbörjar 20% en uppsägning när björnmarknaden förvärras
- Crypto.com sa att den milda uppsägningen i juli 2022 hjälpte det att överleva björnmarknaden, men FTX-kollapsen var oväntad.
- Användare av sociala medier förutspår att den nuvarande uppsägningen kommer att påverka mellan 700-900 anställda.
- Andra kryptoföretag som Huobi, Coinbase och Blockchain.com har gjort liknande åtgärder för att minska sin personalstyrka på senare tid.
Cryptocurrency exchange, Crypto.com har anslutit sig till den växande listan över kryptobörser som har aviserat en personalminskning på 20%. Nyheten var delad on Friday by the company’s co-founder and CEO, Kris Marszalek, who said that “all impacted personnel have already been notified.” Marszalek also noted that “these reductions were in no way related to performance, and we extend our deepest gratitude for all their contributions to Crypto.com.”
Idag tillkännagav vi det svåra beslutet att minska vår globala arbetsstyrka med cirka 20%.
— Kris | Crypto.com (@kris) 13 januari 2023
While this would not be the exchange’s first attempt at trimming its headcount, Crypto.com cited poor market conditions and the effect of the FTX saga on the industry as reasons for its decision. In a post explaining the move, Marszalek said Crypto.com “grew ambitiously at the start of 2022, building on our incredible momentum and aligning with the trajectory of the broader industry. That trajectory changed rapidly with a confluence of negative economic developments.” Marszalek added that FTX’s collapse “significantly damaged trust in the industry.”
Han sa i inlägget,
It’s for this reason, as we continue to focus on prudent financial management, we made the difficult but necessary decision to make additional reductions in order to position the company for long-term success.
FTX’s bankruptcy and subsequent collapse was one of the significant crypto-related failures in 2022. Up to 1 million creditors face the possibility of losing billions of dollars as well as increased calls for regulation.
Several social media sites indicate that Crypto.com employs between 3500 and 4500 people. This would mean that 700–900 employees will be affected by the current wave of layoffs. These layoffs follow workforce reductions the company announced in the middle of 2022, when the cryptocurrency market slumped following the failure of the multibillion-dollar Terra ecosystem and cryptocurrency hedge fund Three Arrows Capital.
Crypto.com said last July’s layoffs “positioned us to weather the macroeconomic downturn, but it did not account for the recent collapse of FTX.” The latest decision by the Singapore-based company comes amid industry-wide worries over reserves and solvency and only a few days after competitors Myntbas Global Inc. and Huobi revealed they would be laying off roughly 20% of their workers.
Last week, a source informed Reuters that Genesis had also reduced workforce by 30%. Blockchain.com and Consensys reportedly carried out massive layoffs as well.