Coinbase has announced the layoff of more than 60 employees in the midst of a volatile market sparked by the eventual collapse of another cryptocurrency exchange FTX. In a statement, the American cryptocurrency exchange Coinbase stated that the intention to terminate employees involved in hiring and onboarding would help it run as effectively as possible. Coinbase Employees Termination According to a corporate representative, impacted employees will get substantial retirement compensation. When Coinbase reorganized its production team in early November, 1,100 positions, or 18% of its staff, were lost in June. Additionally, the chief product officer, Surojit Chatterjee, left the exchange The post Coinbase Lays Off Over 60 Employees Following Crypto Market Volatility appeared first on Cryptoknowmics-Crypto News and Media Platform .
