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Coinbase Global Inc. said on Tuesday it will cut about 950 jobs, or 20% of its workforce, as part of a restructuring plan that marks the third round of layoffs for the Coinbase CEO Brian Armstrong revealed in a blog post on January 10 that the company would cut operating expenses by around 25% quarter by quarter. Coinbase Global Inc. is firing about 950 employees, or 20% of its workforce, as the worsening crypto slump spurs another round of layoffs at the biggest US digital-asset Crypto exchange Coinbase is making a third round of workforce cuts in the past seven months, this time affecting around 950 employees. The cuts amount to 20% of its

Coinbase 3rd Round of Firing in 6 Months: 950 Jobs Cut in January

Coinbase is making a third round of workforce cuts in the past seven months, this time affecting around 950 employees. Is this the end of the crypto winter? Coinbase Global Inc. said on Tuesday it will cut about 950 jobs, or 20% of its workforce, as part of a restructuring plan that marks the third round of layoffs for the company.

Why is Coinbase Laying Off Employees Again?

The worsening crypto slump spurs another round of layoffs at the biggest US digital-asset exchange. Coinbase Global Inc. is firing about 950 employees, or 20% of its workforce, as the company navigates turbulent market conditions.

Details of the Coinbase Layoff

Coinbase CEO Brian Armstrong revealed in a blog post on January 10 that the company would cut operating expenses by around 25% quarter by quarter. The cuts amount to 20% of its workforce and reflect the ongoing challenges facing the cryptocurrency industry.

Impact of the Coinbase Layoffs

This third round of firings at Coinbase raises questions about the long-term viability of the company and the future of the crypto market. Stay updated on the latest news and analysis regarding the Coinbase layoffs and their impact on the digital asset landscape.

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