 | I saw the recent story(s) in the sub re Crypto.com laying off 4,000 people etc etc - which struck me as hyperbole and dramatic inference tainted. So, fairly typical 'light-touch' crypto click-bait journalism. So I checked out CDC on Linkedin, under the 'company insights' tab (which is a Linkedin premium account thing). Screenshots below. Linkedin's employee stats are taken from individual accounts - there will (as ever) likely be some level of fake accounts, and some people won't be on Linkedin, but collectively they will be negligible for trend analysis purposes. Clearly nowhere near 4,000 people have left CDC. It looks like there have been layoffs, and likely layers of hiring freeze implemented. Thought I'd share for interest anyway. IMHO, it looks like CDC have been making 'difficult but necessary' decisions. Equally, re the usual/obligatory comments about marketing spend; I get the impression most people commenting on that front haven't had much experience with corporate sponsorships or management roles dealing with global budgets - the numbers look/feel large to the average retail at home investor, but they're not really out of sync for corporate sponsorships. Or, to me, they seem in line with CDC's strategy as disclosed. (To which end, I would deffinitely prefer more corporate performance transparency...) [link] [comments] |
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