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Coinbase Lays Off 950 Employees, or at Least 20% of Staff

By
Aidan Ryan
· · Source: The Information

Coinbase is laying off about 950 people as it aims to slash 25% of costs by the end of next quarter, CEO Brian Armstrong announced in a blog post on Tuesday. The layoffs affect at least 20% of the staff based on the 4,706 employees Coinbase had at the end of the third quarter, as Coinbase first instituted a hiring freeze in May 2022. Armstrong said that he doesn’t believe crypto is going...

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