Coinbase Slows Hiring Efforts Amid Market Concerns and Disappointing Q1 Numbers

  • 📰 Crypto_Potato
  • ⏱ Reading Time:
  • 63 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

After displaying disappointing Q1 results, Coinbase had to slow down on its hiring spree, said a firm's executive.

After displaying disappointing Q1 results, Coinbase had to slow down on its hiring spree, said a firm’s executive.

However, no number of big-league investments can insulate a company from the industry it belongs to – and with crypto investors currently navigating rather choppy waters, it appears that Coinbase is following suit.While trading platforms such as Binance or Kraken rely more heavily on staking and other ways of garnering revenue to turn a profit, Coinbase is notorious for betting on transaction fees to keep their business rolling.

that the company is nowhere near bankruptcy, and assured investors their funds remained secure. Although the exchange seems perfectly capable of weathering the current storm, it had to put certain planned moves on hold., Emilie Choi, the President and COO of Coinbase, revealed temporary changes in the firm’s hiring policy and growth projections.

Despite plans made in 2021 to triple the size of the company, the current situation has led Coinbase leadership to allocate resources meant for its expansion to “higher-priority business goals.”The memo ends on a more positive note, stressing the importance of quality onboarding for new hires. It also promises a spectacular return to form in short order, as proven by Coinbase leadership’s glowing track record during the past 10 years at the helm.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 568. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Stronghold Digital Beats Q1 Revenue Estimates, but Misses on EarningsBitcoin miner Stronghold Digital, which generates energy from waste coal, beat Q1 revenue estimates, but fell short on adjusted earnings. $SDIG By NelWang NelWang Buy XEP🧿now before it's too late, your investment is safe with ElectraProtocol
Källa: CoinDesk - 🏆 291. / 63 Läs mer »

Coinbase slows hiring to help weather market downturnThe crypto exchange giant has pared back a plan to triple its headcount this year. The Emperor with no clothes, an old tale Wonder how much $UST reserves they held my friend dropped out of university when he found this
Källa: TheBlock__ - 🏆 464. / 53 Läs mer »

Coinbase Pares Back Hiring Plans Amid Weak Earnings, Poor Market ConditionCrypto exchange Coinbase will slow down hiring and reassess headcount needs as the broader crypto market sees a downturn, the firm said in a note to employees. By shauryamalwa coinbureau shauryamalwa Never buy in coinbase. shauryamalwa jackmallers Called it…
Källa: CoinDesk - 🏆 291. / 63 Läs mer »