Coinbase Reduces the Size of the Firm’s Workforce by 18%
Amid the crypto market carnage, the digital currency exchange Coinbase revealed it has decided to lay off 18% of its workforce. The announcement follows the company’s original plans to slow the hiring process and the firm rescinding a number of employment offers. Coinbase ‘Grew Too Quickly,’ Crypto Exchange CEO Says On June 14, Coinbase published a blog post written by the company’s CEO Brian Armstrong. The letter from Armstrong was announced in a Tweet that said: Coinbase CEO Brian Armstrong announced today the difficult decision to reduce the size....
Related News
Major crypto exchange Coinbase published a message from its CEO, Brian Armstrong. The company has decided to reduce its workforce by 18% to “ensure we stay healthy during this economic downturn”. Related Reading | Lending Platform Celsius Freezes Withdrawals, Raising Liquidity Concerns Last year, Coinbase became the first crypto exchange to debut in public markets under […]
BlockFi, a cryptocurrency lender that just closed a $400 million loan and possible purchase conditions with cryptocurrency exchange FTX, is providing staff buyouts as a covert means to cut down on manpower. One month after reducing its workforce by 20%, the change was made. BlockFi Offers COBRA According to a BlockFi employee, the company is […]
Coinbase is taking measures to ensure that no office becomes an unofficial headquarters. Nasdaq-listed cryptocurrency exchange Coinbase is going completely remote and closing is its head offices in San Francisco.Coinbase announced Wednesday that it will shut down its former headquarters in the Golden Gate City in 2022 as part of its commitment to “being remote first.”“We’ve committed to having no HQ, and it’s important to show our decentralized workforce that no one location is [more] important than the another,” Coinbase noted. According to the company, the upcoming closure will be an....
Coinbase CEO Brian Armstrong feels pretty confident about the outcome of a block size hard fork. In fact, he’s willing to bet $5,000 that “Bitcoin’s first hard fork works out just fine.” In a Medium post by the Coinbase founder, Armstrong declares that the code will not be a split and is merely upgrading. Brian Armstrong has been very vocal about the....
Per a press release from the U.S. Department Of Justice (DoJ), a former Coinbase employee has been arrested for his alleged participation in an inside trading scheme. The main suspect was identified as Ishan Wahi, former product manager at this company. Related Reading | Blockchain.com Renders A Quarter Of Its Workforce Jobless As Bear Market Bites […]