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Bitcoinist

2023-01-10 14:28:27

Crypto Winter Gets Chiller: Coinbase Cuts 1,000 Positions

Crypto Winter Gets Chiller: Coinbase Cuts 1,000 Positions

Crypto exchange Coinbase (COIN) is letting go of about 1,000 employees as part of a critical strategy to weather down the crypto winter. According to a report from Reuters, this is the company’s third round of layoffs as macroeconomic conditions and persistent downside pressure the nascent sector. Related Reading: NFTs Make Comeback As Gas Dominance

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