Coinbase is letting go of about 20% (950people) of its workers and cutting costs. The company's CEO, Brian Armstrong, said they will also be spending less money in the next quarter.
This is another consequence of the FTX saga.
This is not the first time companies in this industry have laid off employees as it happened last year too when the value of crypto dropped.
link to the article:https://www.theverge.com/2023/1/10/23548037/coinbase-950-employee-layoffs-ftx-fallout-crypto-winter
Submitted January 11, 2023 at 04:17AM by YourCrazyDaughter https://ift.tt/8a35lOo
