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in Tech

Crypto.com lays off 20% of workforce after FTX collapse blunted ambitious growth

by Editor January 13, 2023, 6:42 pm 1.6k Views

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The exterior of Crypto.com Arena on January 26, 2022 in Los Angeles, California.

Rich Fury | Getty Images

Crypto.com announced Friday that it’s laying off 20% of its workforce. CEO Kris Marszalek said in a

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that the crypto exchange grew “ambitiously” but was unable to weather the collapse of Sam Bankman-Fried’s crypto empire FTX.

“All impacted personnel have already been notified,” Marszalek said in a post.

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