Coinbase begins Layoffs of 18% of workforce

cryptocrossing

Published: 14 Jun 2022 › Updated: 14 Jun 2022 Coinbase begins Layoffs of 18% of workforce

Coinbase begins Layoffs of 18% of workforce

Coinbase announced today, June 14, that it will be letting to 18% of it's overall team. The main blame as to why the layoffs are coming is due to extreme market conditions, increased costs, and hiring too quickly.

The full announcement can be found on the official Coinbase blog.

Originally Posted on Crypto Crossing

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Coinbase begins Layoffs of 18% of workforce