Crypto.com announces layoffs, cites negative economic developments

Crypro.com CEO cited poor market conditions and recent events in the industry as reasons for layoffs.
The layoffs come just days after Coinbase announced similar layoffs.
The Cronos (CRO) token price has responded positively to the news.The co-founder and CEO of Crypto.com exchange, Kris Marszalek, has today announced that the company is laying off some of its staff to reduce its global workforce. The CEO said that they are reducing the workforce by 20%.
In the announcement, the CEO said:
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