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.
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The crypto exchange had ‘over-hired’ during the bull run, Coinbase CEO Brian Armstrong wrote in a blog post announcing 1,100 layoffs….
Continue reading on https://decrypt.co/102850/coinbase-slashes-workforce-by-18-to-prepare-for-extended-crypto-winter
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Shares of MicroStrategy and Coinbase collapsed during premarket trading on Monday as the price of Bitcoin fell below $24,000….
Continue reading on https://decrypt.co/102770/coinbase-microstrategy-other-bitcoin-exposed-stocks-tank-amid-crypto-meltdown
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An anonymous petition calls for the removal of top Coinbase execs amid the underwhelming launch of Coinbase NFT and other missteps….
Continue reading on https://decrypt.co/102673/really-dumb-coinbase-ceo-slams-employee-petition-to-remove-execs
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As the ongoing downturn in the crypto markets continues to impact the hiring policies of numerous industry players, some recruits voice their disappointment over rescinded job offers while new signs emerge that the number of job postings is also declining….Read More: Crypto Job Market: Cancelled Coinbase Recruits Get Emotional, Job Postings Down…
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The company was widely criticized after pulling job offers that it promised not to….
Continue reading on https://decrypt.co/102262/coinbase-launches-database-for-people-whose-job-offers-it-rescinded
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A lot of very talented people are very upset. And some now face harsh deadlines to gets jobs or lose their immigration status….
Continue reading on https://decrypt.co/102039/jilted-would-be-coinbase-employees-vent-online-after-jobs-they-accepted-are-eliminated
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The crypto crash and fears of a Crypto Winter have prompted Coinbase to get even more aggressive in cutting costs….
Continue reading on https://decrypt.co/101928/coinbase-freezes-hiring-and-will-rescind-accepted-job-offers
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Crypto exchange Coinbase processed a record-high number of transactions in May, however, it still fell behind FTX in terms of trading volume….
Continue reading on https://decrypt.co/101888/ftx-overtook-coinbase-bitcoin-volume-first-time-ever-may-report
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Coinbase ranked second overall in revenue growth among companies on the list, at 514%, trailing only Moderna….
Continue reading on https://decrypt.co/101264/coinbase-first-bitcoin-company-fortune-500
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