Lot's of questions and speculation flying around regarding what Crypto.com is doing during the market downturn. My thoughts below 🧵
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Some of you have been with us since 2016/2017 and have seen us building steadily, with conviction throughout the 2018/2019 winter.
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That conviction, that focus on building throughout the bear market (in spite of crypto naysayers being out in full force) was what made us one of the fastest growing companies in 2021, reaching 50m users milestone.
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Our approach is to stay focused on executing against our roadmap and optimizing for profitability as we do so.
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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.
We will continue to evaluate how to best optimize our resources to position ourselves as the strongest builders during the down cycle to become the biggest winners during the next bull run.
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The markets will turn, and when they do, you can be sure that we will be ready to drive and capture the next wave of growth for cryptocurrency adoption.
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I feel confident in saying we HATE to hear it BUT, there’s a lot of companies making difficult decisions. Only been here for about a year, tons of conviction and I for one, will continue to do what I can on Reddit to back up customer support and offer guidance where possible
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You do what you have to do as a captain of a boat in a winter storm.
After the storm, after the winter, will come the sunlight again.
You will be there. I will be there too.
#FFTB #CRO #LoadedLions #CROfam
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700 million naming rights deal
/20 years
=35 million per year
More than covers those 260 jobs.
And thats not even getting into all the other non-sensical marketing dollars you've spent.
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I hope that doesn't include customer service, because you could use some more support in that area...just my opinion
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Cut what you need but be sure not to burn bridges and alienate the people who would drive your next rise in the market for the sake of capitalist greed
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Cdc has the best customer service I ever experienced… hopefully they r not affected
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In these time do you see APPLE cuttings jobs ... answer is no they might slow down hiring but if you let people go they will never come back!!!
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