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Singapore’s Crypto.com to cut global workforce by 20%

(Reuters) – Singapore-based crypto exchange Crypto.com said on Friday it had decided to reduce global workforce by approximately 20%.

A representation of bitcoin is seen in an illustration picture

(Reuters) – Singapore-based crypto exchange Crypto.com said on Friday it had decided to reduce global workforce by approximately 20%.

The announcement comes after Coinbase Global Inc said on Tuesday it would cut about 950 jobs, or 20% of its workforce, as part of a restructuring plan.

(Reporting by Rhea Binoy in Bengaluru; Editing by Rashmi Aich)

By Reuters

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