, which sits at about 4,700 according to the company's website.it is responding to"ongoing market conditions impacting the crypto economy.", including $58 million to $68 million in cash charges related to employee severance.when crypto's bear market started to take hold. CEO Brian Armstrong said at the time that the company had"grown too quickly" during the crypto bull market, expanding to more than 5,000 employees from 1,250 at the start of 2021.
The firm began by cutting 1,100 jobs, equivalent to 18% of its workforce at the time, followed byAnalysts on Wall Streetto Coinbase's job cuts announcement on Tuesday. “We are encouraged by this morning's news, as it shows the company is taking financial discipline seriously in a very challenging crypto/macro environment,” analysts from Barclay’s wrote, while acknowledging that it could also be a sign that the company is preparing for a tough year ahead.
_jocelynyang_ yo coinbase employees, WeAreMetallicus and Poolz__ are hiring!
_jocelynyang_ The pink sunset and the person you like are the most romantic thing🥰
_jocelynyang_ ETH as a POS and no limit on supply will go down in price. I sold mine for a profit early last year. Bitcoin, Ethereum Classic are my choices.
_jocelynyang_ Tough news for Coinbase, but bullish for $BTC & $ETH. Still, the Fed's comments reflect a positive outlook, and DeFi is modernizing financial services and inclusion. Onward and upwards 🚀 crypto DeFi
_jocelynyang_ Huobi lay off around 300 employees as well. Tough times for crypto.
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