{"id":62831,"date":"2022-06-13T15:55:29","date_gmt":"2022-06-13T12:55:29","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=62831"},"modified":"2025-09-05T20:19:50","modified_gmt":"2025-09-05T17:19:50","slug":"crypto-com-chief-announces-layoffs","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/crypto-com-chief-announces-layoffs\/","title":{"rendered":"Crypto.com chief announces layoffs"},"content":{"rendered":"<p>Crypto.com CEO Kris Marsalek said he plans to lay off around 260 employees, or 5% of the platform&#8217;s total workforce.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">That means making difficult and necessary decisions to ensure continued and sustainable growth for the long term by making targeted reductions of approximately 260 or 5% of our corporate workforce.<\/p>\n<p>\u2014 Kris | Crypto.com (@kris) <a href=\"https:\/\/twitter.com\/kris\/status\/1535431489315213312?ref_src=twsrc%5Etfw\">June 11, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>He said the company must focus on delivering its roadmap and optimising profitability.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;We will continue to assess how best to optimise our resources, [\u2026] to become winners during the next bull rally,&#8221; Marsalek wrote.<\/p>\n<\/blockquote>\n<p>Crypto.com<a href=\"https:\/\/u1f987.com\/en\/news\/analysts-report-crypto-com-hack-company-denies-loss-of-funds\"> was hacked<\/a>. Initially the company denied the loss of funds, but then<a href=\"https:\/\/u1f987.com\/en\/news\/crypto-com-reveals-details-of-recent-hack-around-34-million-withdrawn-from-the-platform\"> they admitted an unauthorised withdrawal of $34 million<\/a>.<\/p>\n<p>In early May the platform<a href=\"https:\/\/u1f987.com\/en\/news\/crypto-com-token-falls-25-after-staking-rewards-cut\"> announced a substantial reduction in CRO staking rewards for prepaid cards, after which the token fell more than 25%. The price recovered after Marsalek&#8217;s thread about the proposed change to the company&#8217;s decision was published.<\/p>\n<p>Earlier, staff optimisations were announced by <a href=\"https:\/\/u1f987.com\/en\/news\/media-bitmex-to-lay-off-a-quarter-of-its-staff\">BitMEX<\/a>, <a href=\"https:\/\/forklog.io\/robinhood-uvolil-9-shtatnyh-sotrudnikov-na-fone-obvala-aktsij-na-75-posle-ipo\/\">Robinhood<\/a>, <a href=\"https:\/\/u1f987.com\/en\/news\/gemini-to-cut-staff-by-10-amid-crypto-market-downturn\">Gemini<\/a>, <a href=\"https:\/\/u1f987.com\/en\/news\/bitso-lays-off-80-employees\">Bitso<\/a> and the parent company of the Brazilian exchange <a href=\"https:\/\/u1f987.com\/en\/news\/2tm-group-parent-company-of-mercado-bitcoin-cuts-staff\">Mercado Bitcoin<\/a>.\u00a0<\/p>\n<p>As reported, Coinbase decided<a href=\"https:\/\/forklog.io\/smi-uznali-ob-optimizatsii-rashodov-v-coinbase-posle-slabogo-nachala-goda\/\"> to pause hiring<\/a> and to cut spending on Amazon Web Services as part of a package of cost-cutting measures.<\/p>\n<p>Subscribe to ForkLog&#8217;s channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto.com CEO Kris Marsalek said he plans to lay off around 260 employees, or 5% of the platform&#8217;s total workforce.<\/p>\n","protected":false},"author":1,"featured_media":62832,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[83,1452],"class_list":["post-62831","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-business","tag-crypto-com"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/62831","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=62831"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/62831\/revisions"}],"predecessor-version":[{"id":62833,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/62831\/revisions\/62833"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/62832"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=62831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=62831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=62831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}