While Hodlnaut looks to head off an inquiry from Singapore police, Crypto.com has reportedly laid off hundreds more employees than previously announced.
. Though apparently, there were hundreds more staff cut, and Marszalek wouldn’t even tell current employees how many at a recent town hall meeting, according to documents reportedly seen by The Verge.Unnamed employees told The Verge they were noticing staff going missing from the internal slack or from scheduled meetings. The company had beefed up staff by 50% after the price of crypto peaked in 2021, something in the ballpark of 1,300 additional employees, according to the anonymous sources.
Victoria Davis, Crypto.com’s head of communications, told Gizmodo in an email statement: “We announced reductions in June and since that time we have optimized our workforce to align with current external economic headwinds. We have a strong balance sheet and will continue to invest in product, engineering, and brand partnerships moving forward.”
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