Crypto.com to Cut Almost 260 Jobs Amid Market Rout

will cut almost 5% of its workforce, or about 260 employees, CEO Kris Marszalek said in a tweet over the weekend.

"Our approach is to stay focused on executing against our roadmap and optimizing for profitability as we do so ... That means making difficult and necessary decisions to ensure continued and sustainable growth for the long term by making targeted reductions of approximately 260, or 5%, of our corporate workforce," Marszalek said in a tweet thread.

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