Coinbase slows hiring to help weather market downturn

Cryptocurrency exchange Coinbase has reined in a plan to triple its headcount this year in response to turbulent market conditions.on Tuesday that the firm would be slowing hiring to “reprioritize our hiring needs against our highest-priority business goals.” The note had been circulated among staff earlier.

“Heading into this year, we planned to triple the size of the company. Given current market conditions, we feel it’s prudent to slow hiring and reassess our headcount needs against our highest-priority business goals,” she said. “Headcount growth is a key input to our financial model, and this is an important action to ensure we manage our business to the scenarios we planned for, specifically the potential adjusted Ebitda we are aiming to manage to.

In her note, Choi said that “now is the time to ensure we are fully integrating all recent hires — so we can ensure that they are successful at Coinbase.” “Big picture: We know this is a confusing time and that market downturns can feel scary. But as we said at last week’s Town Hall, we plan for all market scenarios, and now we are starting to put some of those plans into practice,” she continued. “We’re in a strong position — we have a solid balance sheet and we’ve been through several market downturns before, and we’ve emerged stronger every time.

my friend dropped out of university when he found this

Wonder how much $UST reserves they held

The Emperor with no clothes, an old tale

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Coach, A Waste Of Money Or A Good Investment?Hiring a business coach is a large investment, so knowing your needs and how a good business coach can help you is worth the research.
Source: ForbesWomen - 🏆 477. / 51 Read more »

How Shorting Can Help Survive the Bear Market | HackerNoonHow understanding how to short can help you make money trading crypto even during Bullruns where everyone else is fated to lose money instead of making it. You learnt how to lose all your money with bad trades Now learn a way to get into huge debt with bad trades
Source: hackernoon - 🏆 532. / 51 Read more »

How these Black families are helping each other to enter N.J.’s legal weed marketTwo father and son duos alongside Colorado's first Black-owned cannabis dispensary make a bid for a Shore town permit to sale.
Source: njdotcom - 🏆 282. / 63 Read more »

Grand Central Market shooting witness describes trying to help victim in his final momentsA witness is recalling the moment he rushed to help the man who was shot and killed outside Grand Central Market in downtown Los Angeles over the weekend. Pretty sure our rights to life, liberty, and the pursuit of happiness exceeds the right to misinterpret what 'well-regulated militia' means. Oh good and Garcetti is saying it's because he needs more money in his budget for cops to patrol the area. Seems like he should be able to shift some of their abundant resources. $5 the DA let's the shooter walk out a free man with a happy meal and a slap on the wrist
Source: ABC7 - 🏆 67. / 68 Read more »