Crypto dot com laidoff 20% staff

Yugocean

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• Jan 13, 2023

• #1

Crypto platform crypto.com has fired 20% employees (about seven or nine hudreds).

This mass lay off anind Bull market means company is in crises.

 

Shavkat

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• Feb 21, 2023

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This is a sad thing to know. If I can only help them, I would not want people to lose their jobs. The aftermath of coronavirus is not a good thing to deal with.

 

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Bisolami

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• Feb 21, 2023

• #3

Shavkat said:

This is a sad thing to know. If I can only help them, I would not want people to lose their jobs. The aftermath of coronavirus is not a good thing to deal with.

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The crime rate will surely increase when people lose their jobs. It is a bad thing and some people may even lose their creativity

 

IB D

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• Feb 21, 2023

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I have heard about this crypto.com. What so they specialise on? The rate at which workers are being laid off is getting alarming. You can't blame the companies though. They need to stay afloat.

 

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Bisolami

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• Feb 22, 2023

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IB D said:

I have heard about this crypto.com. What so they specialise on? The rate at which workers are being laid off is getting alarming. You can't blame the companies though. They need to stay afloat.

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I think crypto.com is just like an ecchange for cryptocurrency. I will find out but that is what I know about them

 

Niyi Briggs

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• Feb 22, 2023

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That's good if it is a crypto exchange. Because I read the admin write about it. Seems it would be easier than Binance.

 

Magnus2022

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• Feb 22, 2023

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It is unfortunate that the economy is turning shrinking and a lot of companies are laying off their staffs to cut down cost and avoid the company from going bankrupt. And it seems that cryptocurrency is the worst hit.

 

LoukiaCharilaou

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• Feb 22, 2023

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Very bad news. I did not know. It is so sad when people lose their jobs.

 

IB D

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• Feb 22, 2023

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I can imagine how those laid off would go back to being unemployed. The global economy is hit hard by inflation. And promising companies are being forced to downsize to cope with it.

 

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Bisolami

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• Feb 22, 2023

• #10

Magnus2022 said:

It is unfortunate that the economy is turning shrinking and a lot of companies are laying off their staffs to cut down cost and avoid the company from going bankrupt. And it seems that cryptocurrency is the worst hit.

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A lot of companies cannot even open anymore because the pandemic and the recession affected them a lot

 

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gammarays

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• Mar 6, 2023

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The bear market is taking a toll on many crypto brands. There is a decline in revenue generation so most brands cut costs by laying off some workers and closing down some operation areas.