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Coinbase Says It Grew Too Quickly and Now Lays Off 1,100 Employees

Major crypto exchange Coinbase said it will reduce its workforce by around 18% in order to cut expenses and increase efficiency ahead of a possible recession. According to the report submitted to the US Securities and Exchange Commission, on June 14 this year, Coinbase Global, Inc. announced “a restructuring plan to manage its operating expenses in response to current market conditions and ongoing business prioritization efforts.” Per the company,… Read More: Coinbase Says It Grew Too Quickly and Now Lays Off 1,100 Employees

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