After BlockFi, Coinbase cuts workforce by 18% as CEO admits to over-hiring

After BlockFi, Coinbase cuts workforce by 18% as CEO admits to over-hiring


AMB Crypto
2022-06-14 13:12:30

While it is one of the world’s biggest crypto-exchanges, it would seem that Coinbase is not immune to the market’s downturn either. According to a blog shared by CEO Brian Armstrong, the exchange will be taking the “difficult decision” to slash the workforce by 18%. Citing “rapidly changing economic conditions” and the “need to control […]