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Coinbase Cuts 20% of Staff as Crypto Slump Continues

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 exchange. CEO and co-founder Brian Armstrong made the announcement in a blog post Tuesday. Bloomberg’s Abigail Doolittle reports. Like this video? Subscribe to Bloomberg Technology on YouTube: Watch the…

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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 exchange. CEO and co-founder Brian Armstrong made the announcement in a blog post Tuesday. Bloomberg’s Abigail Doolittle reports.

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16 Comments

16 Comments

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    January 10, 2023 at 4:33 pm

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Tech Leaders Approach Trump, Intel Seeks Altera Buyers | Bloomberg Technology

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Bloomberg’s Caroline Hyde breaks down how President-elect Donald Trump and Elon Musk wield their political power as the government works to avoid shutting down. Plus, the Big Tech leader merry-go-round at Mar-a-Lago continues with Jeff Bezos the latest to try and influence Trump’s policies and decisions. And, private equity firms are competing for Intel’s programmable chip arm Altera.
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Creatio CEO and Founder Katherine Kostereva joins Caroline Hyde to discuss the rise of AI agents taking front-line interactions from customer service to sales, and to give her outlook for the space in 2025. She speaks on “Bloomberg Technology.”
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Bitwise Asset Management CIO Matt Hougan tells Caroline Hyde why he believes the latest weakness in crypto and Bitcoin over the last few days is a “healthy pullback” which does not take away from the asset class’s overall great run this year. He speaks on “Bloomberg Technology.”
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