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The Daily Hodl
2023-01-10 19:41:07

Coinbase Lays Off Nearly 1,000 Employees, CEO Brian Armstrong Cites Crypto Bear Market Plus Economic Downturn

Coinbase Lays Off Nearly 1,000 Employees, CEO Brian Armstrong Cites Crypto Bear Market Plus Economic Downturn

The largest US-based crypto exchange by volume is cutting its workforce to help survive the prolonged crypto bear market. In a new blog post, Coinbase CEO and co-founder Brian Armstrong announced the laying off of 950 employees in an effort to reduce operating expenses. “Coinbase is well capitalized, and crypto isn’t going anywhere. In fact, I believe The post Coinbase Lays Off Nearly 1,000 Employees, CEO Brian Armstrong Cites Crypto Bear Market Plus Economic Downturn appeared first on The Daily Hodl .

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