Coinbase Lays Off Nearly 1,000 Employees, CEO Brian Armstrong Cites Crypto Bear Market Plus Economic Downturn
January 10 2023 - 1:41PM
The Daily Hodl
The largest US-based crypto exchange by volume is cutting its
workforce to help survive the prolonged crypto bear market. In a
new blog post, Coinbase CEO and co-founder Brian
Armstrong announced the laying off of 950 employees in an
effort to reduce operating expenses. “Coinbase is well capitalized,
and crypto isn’t going anywhere. In fact, I believe […]
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