Crypto.com CEO Announces 20% Staff Cut, 'Didn't Account' for FTX Collapse
"While we continue to perform well, reaching over 70 million users worldwide and maintaining a strong balance sheet, we have had to navigate ongoing economic headwinds."
![Crypto.com CEO Announces 20 % of employees cut, 'did not consider' FTX collapse](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror= redirect,quality=90,width=1434/https://s3.cointelegraph.com/uploads/2023-01/bff19a11-ca08-46bb-a47f-9072fbb6494f.jpg)
![Crypto.com CEO Announces 20% Staff Cut, 'Didn't Account' for FTX Collapse](https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDEvYmZmMTlhMTEtY2EwOC00NmJiLWE0N2YtOTA3MmZiYjY0OTRmLmpwZw==.jpg?#)
"While we continue to perform well, reaching over 70 million users worldwide and maintaining a strong balance sheet, we have had to navigate ongoing economic headwinds."
![Crypto.com CEO Announces 20 % of employees cut, 'did not consider' FTX collapse](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror= redirect,quality=90,width=1434/https://s3.cointelegraph.com/uploads/2023-01/bff19a11-ca08-46bb-a47f-9072fbb6494f.jpg)
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