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Crypto.com under reported its layoffs... How convenient!

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vlemon
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Hi HODLers,

How weird, after many rumours, it seems that the extent of downsizing going on at online crypto exchange Crypto.com is much higher than commonly thought.

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In addition to a massive headcount reduction (20%+), many more were silently laid-off. I have seen a lot of threads of former employees saying a lot of people they worked with will just not connect from one day to the next.

Remember all these sports partnerships? Well, Crypto.com has also drastically lowered down its marketing and sponsorship deals. Some even say they are trying to get out of some of these.

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Do you plan to do anything with money you have there?

Personally, I have their card and will spend most of the money I have there over the next 2-3 weeks to lower my risk to 0 :).

Stay safe out there,

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