Blaming economic conditions and the #FTX collapse, Crypto.com CEO Kris #Marszalek said 20% of the exchange's workforce had been laid off.

#Marszalek said the layoffs last year positioned it to weather the #macroeconomic downturn.

#Marszalek said several factors influenced their decision, including “ongoing economic headwinds and unforeseeable #industry events.”

“Today we made the difficult decision to reduce our global #workforce by approximately 20%,” #Marszalek said in a #company update on Jan. 13.

The co-founder and CEO of #Crypto.com, Kris #Marszalek, has announced a new wave of staff layoffs that will reduce its #global #workforce by another 20%.