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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

  1. Thomson Williams

    January 10, 2023 at 4:33 pm

    Making money is action. keeping money is behavior. Growing money is knowledge

    • Utkarsh Dharmadhikari

      January 10, 2023 at 5:04 pm

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    • Sebastian Hurdon

      January 10, 2023 at 5:05 pm

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    • Camilo Concepcion

      January 10, 2023 at 5:06 pm

      Wow! I invest and buy cryptocurrencies but Mostly waiting for the rise to sell. This is a great opportunity to start trading my crypto to start earning right away…

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    • Daryl Griffin

      January 10, 2023 at 5:08 pm

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  2. Dannyx

    January 10, 2023 at 4:44 pm

    CRYPTO IS DEAD

  3. Kevin

    January 10, 2023 at 5:33 pm

    awesome news… where are all the crypto fanboys now?

  4. Daily Corvid

    January 10, 2023 at 6:29 pm

    Love watching NFT and now Cryptos get shown the door.
    Scams a plenty.

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    January 10, 2023 at 11:32 pm

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