WebAug 18, 2024 · The crypto market has been hit hard by plummeting valuations and trading volume. Image: Alex Castro / The Verge In June, cryptocurrency exchange Crypto.com announced it was laying off around 260… WebAug 18, 2024 · And that's sort of been what a lot of these-- part of the second part of these layoffs is about is about having more cash, given the fact that crypto's been in a bear market. But you know, if we're just looking across the board at the crypto industry, we saw its record-breaking M&A deal between Galaxy, Digital, and BitGo go up in smoke.
A comprehensive list of 2024 tech layoffs TechCrunch
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Crypto.com laid off 260 employees — then quietly let go of hundreds …
WebThe first wave started right before the holiday season in 2024, when CEO Vishal Garg laid off "hundreds" of people. Garg told employees during a Zoom call that the company "lost $100 million last ... WebDec 11, 2024 · Crypto.com laid off 260 employees — then quietly let go of hundreds more. Sep 15, 2024 comments off. Tweet on Twitter Share on Facebook Pinterest. As the market slumps, Crypto.com is trying to hide the pain The crypto market has been hit hard by plummeting valuations and trading volume. WebAug 18, 2024 · In June, cryptocurrency exchange Crypto.com announced it was laying off around 260 employees, or 5 percent of its workforce, due to the widespread downturn in the crypto market. But layoffs did not end there. Sources in and outside the firm tell The Verge that the company has quietly let go of hundreds more employees since the initial layoffs. crystal ball water feature