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Singapore-based Crypto.com lays off 12% of staff, third cut in four years
Singapore-headquartered cryptocurrency exchange Crypto.com has laid off around 12 per cent of its global workforce, or 180 employees, as part of a strategic restructuring exercise, The Straits Times has learnt. In an e-mail to affected employees, the firm’s human resources (HR) department said that the cuts are part of its reorganisation. No other details were given in the email sent on the morning of Thursday (Mar 19) except that the firm is pivoting “towards key business initiatives”. Crypto.com reported that it had more than 100,000,000 registered users in 2024. Its global headcount was more than 1,500 ... (full story)
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