avatar

Coinbase to Cut 950 Jobs

Brian Armstrong, CEO of Coinbase, announced that the exchange plans to reduce its operating expenses by about 25% quarter over quarter, including letting go of about 950 people. The staff to be sacked account for around 25% of Coinbase's workforce.

Coinbase cut 18% of its workforce in June 2022, and laid off another 60 people in November.

Source

Coinbase

In This Article

Related News
Coinbase's fiat-to-crypto onramp integrates Apple Pay Coinbase's fiat-to-crypto onramp integrates Apple Pay
Coinbase’s decision not to support Celo Layer 2 upgrade causes stir among stakeholders Coinbase’s decision not to support Celo Layer 2 upgrade causes stir among stakeholders
Coinbase shares drop 15% after weaker-than-expected earnings report Coinbase shares drop 15% after weaker-than-expected earnings report
Coinbase pledges $25 million to Fairshake PAC for pro-crypto candidates in 2026 midterms Coinbase pledges $25 million to Fairshake PAC for pro-crypto candidates in 2026 midterms
Coinbase introduces 'Based Agent' for creating AI agents in 3 minutes Coinbase introduces 'Based Agent' for creating AI agents in 3 minutes
Latest News More More
3 Hours Ago Binance inflows for 2024 are almost 40% higher than the next 10 exchanges combined
5 Hours Ago Tron surges 80% in past day amid political unrest in South Korea
5 Hours Ago South Korea’s short-lived military rule sparks record $34 billion in local crypto trade
1 Day Ago WisdomTree files with SEC for spot XRP ETF
2 Days Ago Hyperliquid's HYPE surpasses Aave in market cap, claims nearly half of decentralized perpetual swaps volume

About TokenInsight

Services

Products

Support

Google Play
Google Play
Google Play
2018 – 2023 © TokenInsight Ltd. All rights reserved
Disclaimer Terms of Service Privacy Policy
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open