Express

Coinbase Lays Off Over 60 Workers

Katie Lin

Summary: Crypto exchange Coinbase Global laid over 60 people due to the current downturn in the industry. The layoffs occurred in the company’s recruiting team and its institutional onboarding unit. “These are isolated and targeted actions by two teams to help Coinbase operate as efficiently as possible,” the company spokesperson said.  Earlier this year, Coinbase had ...

Crypto exchange Coinbase Global laid over 60 people due to the current downturn in the industry.

The layoffs occurred in the company’s recruiting team and its institutional onboarding unit.

“These are isolated and targeted actions by two teams to help Coinbase operate as efficiently as possible,” the company spokesperson said. 

Earlier this year, Coinbase had been considering reducing its workforce due to low trading activity. In June, it said it would cut around 1,100 of its employees.

Author: Katie Lin

Last Update:

Tags: ,,
Link: Coinbase Lays Off Over 60 Workers   [Copy]
Next:

Related Articles

  • AI Fraud Is Breaking the Internet’s Trust Economy. Can Compliance Tech Keep Up? 2 days ago
  • Can a $300M RWA Fund Save Avalanche's TVL? 3 days ago
  • Trump Adviser's "Whale Debut" with $680M Bitcoin Bet Faces Early Losses 4 days ago
  • S&P 500 Enters Key Turning Point Window; A Cautious "Wait-and-See" Approach is Adv... 6 days ago
  • Why a "One-Size-Fits-All" Approach to Stablecoin Issuance Fails Given Diverse Fiat Curr... 7 days ago

    • You need to login to comment.