Sources: Encryption Exchange Crypto.com Lays Off Up to 40% of Staff, Slashes Marketing Expenditures

According to Ad Age, citing people familiar with the matter, between June and August, 30% to 40% of the employees of encryption exchange Crypto.com left the company, and the vast majority of them were layoffs. More than 2,000 employees are said to have left the company since the layoffs began, with marketers among the first to be targeted, including the entire in-house creative team, which was eliminated just months after its creation, as well as Includes back office and support services personnel.