Tech IndustryAug 17, 2022
FoleyMGoAzul
Crypto.com possibly laid off up to 1,000 of its staff.
https://decrypt.co/107509/second-layoff-round-at-crypto-com-worse-than-june-cuts-sources
Second Layoff Round at Crypto.com Worse than June Cuts: Sources - Decrypt
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Good thing they paid 700m for naming rights of the staples center
The sad thing is that 700m would have paid for 5 years of wages. Enough to ride out the winter.
1000 more? Big yikes
Can we remove your name from Staples Center please?
They never reveal their active users. Shady...
The cryptocurrency industry is a bloodbath right now, so it’s no surprise that an over leveraged company would lay off most of its workforce due to “uncertainty in the market.” Things are only going to get worse in the coming years, so it’s best to start networking and ABA. TC: 62K