"Today we announced the difficult decision to reduce our global workforce by about 20%. As I shared with the team today, while we continue to perform well, market conditions and recent industry events have made this the right decision for the company at this time. All impacted personnel have been notified, and I want to share my sincere gratitude for their contributions. Excerpts of what I shared with our team today are available here: https://crypto.com/company-news/company-update I remain as confident as ever in our business and in the future of crypto, but I recognize we have a lot of work to do to help restore trust in the industry. It will take time, but we will get it done." - CEO Kris Marszalek on Twitter https://twitter.com/kris/status/1613757940607123459