Coinbase, one of the world's top cryptocurrency trading platforms, announced Tuesday it will be laying off more than 900 workers in the face of slowing global interest in digital currencies.
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The cuts at the cryptocurrency exchange come after nearly a fifth of employees were let go in June, as crypto markets teeter and tech companies rethink their growth plans.
Coinbase, one of the world's top cryptocurrency trading platforms, announced Tuesday it will be laying off more than 900 workers in the face of slowing global interest in digital currencies.
By Paul R. La Monica, CNN Business The crypto winter is apparently not over yet. Coinbase announced Tuesday that it was laying off 950 people, about 20% of its staff. The job cuts come only a few months after another major round of layoffs.
Coinbase, the second-largest cryptocurrency trading platform, announced Tuesday it will be laying off about 950 employees, which equates to 20% of its workforce.
NEW YORK (AP) — Cryptocurrency trading platform Coinbase is cutting approximately 20% of its workforce, or about 950 jobs, in a second round of layoffs in less than a year.
Coinbase is making another round of cuts in order to weather ongoing conditions that have impacted cryptocurrency markets. This time its cutting 20% of its workforce.
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Coinbase to lay off more than 900 employees | Since Then
